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Author Archives: Ed

Ocwen to Pay Wisconsin Consumers in Foreclosure Settlement

Ocwen reached a nationwide settlement relating to mortgage abuses in the marketplace.  The details are outlined in the below article by Paul Gores of the Milwaukee Journal Sentinel. “Wisconsin consumers will receive more than $13 million in reductions on mortgage principal and direct cash payments as the state’s share of a settlement with a mortgageContinue Reading

Help with Chase Bank Mortgages

Wisconsin State Senator Lena Taylor’s office just put out a memo regarding Chase Bank Mortgages.  It says, “1f you are currently holding a home mortgage with Chase Bank and would like information on lowering mortgage payments regardless to if you are current or behind please contact my district office at (414) 342-7176 and we willContinue Reading

A New Wave of Foreclosures is on the Way!

While it may appear the housing market has settled a bit, foreclosures have just been on a break.. The ironic thing is the break was the mortgage companies signing the settlement with the Attorney Generals across the United States.  Check out this article from our friends at Lawyers.com Contrary to some recent rosy predictions ofContinue Reading

Principal Paydown Plan – Foreclosure Prevention?

Last month foreclosures filings for Milwaukee County were up 34%.  Foreclosures continue to be a drag on the economy.   The National Association of Consumer Bankruptcy Attorneys is petitioning the Obama Administration to adopt a plan to paydown mortgage principal under the supervision of the Bankruptcy Courts.  You can help make this happen! Please actContinue Reading

Free Foreclosure Workshop in Dane County

Our friends at Greenpath are offering a free foreclosure workshop for people in and around Dane County.  Please see the information below. What:            Foreclosure Answer Clinic – a FREE walk-in legal clinic Who:              For homeowners who have received a Foreclosure Summons and Complaint When:           11:00 am – 1:00 pm, Thursday, April 7, 2011 Where:Continue Reading

Foreclosures Still on the Rise

U.S. home foreclosures jumped 12 percent last month, but the sharp divide between states  suggests the industry remains backlogged by investigations into the foreclosure process. According to a report from real estate data firm RealtyTrac, lenders foreclosed on 78,133 properties in January, up 12 percent from the month before, but down 11 percent from JanuaryContinue Reading

Can Bankruptcy Courts Limit Homeowner and Investor Losses?

As the Eastern District of Wisconsin Bankruptcy Court rolls out its version of Mortgage Modification Mediation.  The Senate Judiciary will hold a hearing tomorrow to evaluate the effectiveness of such programs.  Among those giving testimony will be Judge Robert Drain.  He heads the Loss Mitigation Program for the Southern District of New York. The SenateContinue Reading

Milwaukee Area Attorney Three Time SuperLawyer

Attorney Edward Harness recognized for the third year in a row by SuperLawyers Magazine. Attorney Edward W. Harness has been named by Wisconsin SuperLawyers magazine as one of the top attorneys in Wisconsin for third consecutive year. Only five percent of the lawyers in the state are named by SuperLawyers. The selections for SuperLawyers areContinue Reading

Strategic Default by Homeowners

Everyday I meet with homeowners that are underwater on their mortgages. When speaking with them I discuss strategic default as a strategy for dealing with their money problems. As I explain it is an economic decision not a morale decision. It turns out the Mortgage Bankers Association recently decided to walk away from the mortgageContinue Reading

Homeowner Questionnaire Shows Banks Violating Program Rules

Homeowners seeking mortgage modification under government programs report behavior by the banks that clearly violate the rules of  the programs.  The article below details those violations. HOMEOWNER QUESTIONNAIRE SHOWS BANKS VIOLATING GOVERNMENT PROGRAM RULES! by Paul Kiel and Olga Pierce ProPublica, Aug. 16, 9:02 a.m. Homeowners share their stories: ProPublica queried 373 homeowners from acrossContinue Reading

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