This story and stories like it have been woefully under reported in the broader national American media stream. This may be one of the most important stories of 2010 and this piece by Ellen Brown is arguably the most comprehensive on the subject you may see anywhere.

If your mortgage lender is foreclosing on your home, is about to foreclose, or if you have a family friend, relative or co-worker facing that prospect, you may want to read this piece carefully.

What you see here may surprise you. If you are a homeowner being foreclosed upon by a mortgage lender, you may actually be sitting in the driver’s seat and not have a clue you are, to a large degree, in control of that situation.

Here's the link to read the entire story. I offer this to my fellow DUers in the hope that it may save your home or the home of someone you know or love from being improperly foreclosed on. It seems to me that with the help of a lawyer versed in these matters you may find the situation greatly improved.

http://skyvalleychronicle.com/FEATURE-NEWS...

Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.” -- Economist Karl E. Case, quoted in the New York Times


(NATIONAL) -- The hits are coming fast and furiously. Major Wall Street mortgage lenders could soon be falling like dominos – and looking again for handouts.

On September 20th, Ally Financial Inc., which owns GMAC Mortgage, the nation’s 4th largest lender, halted evictions and resale of repossessed homes in 23 states.

This was after a document processor for the company admitted that he had signed off on 10,000 pieces of foreclosure paperwork a month without reading them.