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Foreclosure in the News

Two stories of interest on the wires today: June Reyno of San Diego, California, has chained herself to her house to prevent a pending foreclosure. Yes, you read that correctly. Desperate times, etc. “Good Samaritan” Marilyn Mock saved a total stranger’s home for her at a recent foreclosure sale in Pottsboro, Texas. The homeowner, Tracey Orr, had [...]

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• If you were in Columbia, SC yesterday afternoon and happened to tune in to 1230 AM, you'd have heard Sheryl being interviewed by host Frank Knapp of the "U Need to Know" show, which regularly features SC lawyers on topics of interest to listeners. Yesterday's topic: bankruptcy basics. You can also hear the show via streaming audio at the Select Talk Radio Network home page. #
• Congressional leaders have announced they have "a plan" for the bailout. They claim there is something in it to protect homeowners. Something's better than nothing, right? I don't know. But you can read more for yourself here at CNN. Details should be forthcoming later this afternoon. #
• CNN reports that the FBI has 26 open cases in which it is investigating mortgage fraud. Some of the targets identified read like a "who's who" of recent financial crisis news: Lehman Brothers, AIG, Freddie Mac, Fannie Mae. Developing #
• Negotiations between Treasury Secretary Hank Paulson and Congressional leaders continue, and specifics of the proposed bailout plan are a bit thin on the ground, but recent reports are that Congressional negotiators will push for provisions that will allow bankruptcy courts to modify certain mortgage terms but that the White House has balked at those provisions.  As long as they are still negotiating, I'm sure it's all still on the table.  Keep calling and e-mailing those Congresscritters, and maybe we can help some real people here.  God knows we are all going to pay for the rest of the bailout. #
• Asides, featured post, pages and more! Read about the latest components of our makeover in progress here. #