Judge ruled Chase committed fraud, GMAC stops foreclosures and evictions in 23 states

This sure is getting very interesting! As more judges refuse to allow lenders to foreclose on homes without the actual NOTE in possession, banks stop foreclosing and some even postpone closings on sales of foreclosed homes. The implications: Fewer foreclosures will be reported, making it look like the economy is improving. Buyers of foreclosed property […]

Ellen Brown: Homeowners' Rebellion: Could 62 Million Homes Be Foreclosure-Proof?

Another outstanding article by Ellen Brown (Web of Debt): Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof? The financial juggling that helped cause the 2008 crisis may be coming back to haunt banks—and help homeowners. by Ellen Brown posted Aug 18, 2010 Over 62 million mortgages are now held in the name of MERS, an […]