Fox Lake Towing and Recovery

Banks created the Mortgage Electronic Registration System to save themselves a boatload in fees by keeping mortgage transfers off the books of local governments. Now, a New York judge says the whole system violates state law, and banks holding MERS mortgages there can’t foreclose. Where will this disaster go from here?

Continue reading Another Way Banks Make Everyone Pay: The MERS Mortgage Mess

Another Way Banks Make Everyone Pay: The MERS Mortgage Mess originally appeared on DailyFinance on Wed, 16 Feb 2011 13:00:00.

Filed Under: Columns, People, Real Estate

The majority of jobs in the U.S. are created by small business, which are still reluctant to hire new workers. And while some of their reasons for holding back may mirror those of big businesses, local conditions like state taxes may loom larger in their decisions.

Continue reading Are High Taxes Making Small Business Slow to Hire?

Are High Taxes Making Small Business Slow to Hire? originally appeared on DailyFinance on Mon, 14 Feb 2011 12:15:00.

Filed Under: Economy, Taxes, Careers, Small Business

On Oct. 20, New York courts ordered attorneys for foreclosing banks to swear they’d personally confirmed that their documents are true and accurate. But a Brooklyn judge has taken things a step further. Since the banks aren’t complying, he has started throwing out foreclosure cases.

Continue reading Why a New York Judge Is Throwing Out Foreclosure Cases

Why a New York Judge Is Throwing Out Foreclosure Cases originally appeared on DailyFinance on Wed, 12 Jan 2011 13:45:00.

Filed Under: Columns, Bank of America, Citigroup, Real Estate, Credit