Aceves ruling: Foreclosed homeowner has cause to sue bank for fraud Today, February 01, 2011, 1 hour ago | KERRY CURRY A California appeals court ruled that U.S. Bank reneged on its promise to negotiate a mortgage modification, which is sufficient cause for the homeowner to sue the bank for fraud in a scathing ruling alleging the bank never had any intention of working with the homeowner. However, the court also ruled that the homeowner, Claudia … Read More
via Foreclosureblues
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Author: timothymccandless
I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand. As an attorney, I represented consumers against predatory lending practices and worked in elder law protecting seniors from fraud. My family lost $239,145 to identity theft, which became the foundation for my seniorgard.onlime and deepened my commitment to financial education. Since 2008, I have maintained a blog at timothymccandless.wordpress.com providing free financial education. Not behind a paywall. Free, because financial literacy should not cost money. I trade with real money using the exact strategy described in this book. My current positions: Pfizer at $16,480 deployed generating $77,900 per year net. Verizon at $29,260 deployed generating $51,000 per year net. Combined: 293% annualized pace. These are my only active positions. Not cherry-picked. View all posts by timothymccandless
The Hedge 
I have lost my home of 25 years and my business, licensed Child care provider. I now am homeless, 61, and with out job or medical insurance. The Bank was unwilling to let me run my business without threat of foreclosure for 6 months and then once families enrolled, repayment schedule.
No one would have signed away houses if we had known.
Kathleen Schumer