The Home Equity Theft Reporter: Expiring Statute Of Limitations In Foreclosure Cases A Growing Headache For Banksters?

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Mortgage foreclosure cases are proceedings in equity. A claim for a deficiency is a claim sounding in equity. There is nothing equitable about a bank taking billions of dollars in taxpayer bailout money, including from my clients, which money was intended to avoid foreclosures and provide loan modifications, but for those banks to refuse such.

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But a provision in the 2008 Farm Bill lifted the ten-year statute of limitations on the government’s ability to withhold Social Security benefits in collecting debts other than student loans-for which the statute of limitations was lifted in 1997-and income taxes, where the limit remains 10 years.

The home equity theft reporter: Expiring Statute Of Limitations In Foreclosure Cases A Growing Headache For Banksters?. Investors and Economics from around the world brought to you by 15 Minute News The Home Equity Theft Reporter Cases & Articles. The basic foreclosure statute – that is for.

Find News from January 2012 on ConsumerAffairs. Our list of News includes automotive, appliance, food, technology, clothing, and more.. the home foreclosure rate increased by 50 percent.

If the theory applied by the Florida appeals court in the Garden Isles case has any applicability to the statute of limitations in mortgage foreclosure cases, one may reasonably argue that the cause of action for commencing a foreclosure action accrues at the time of the first default, and that a new cause of action does not arise each time a homeowner misses a monthly payment. Just a thought.

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The cynic in me has to note that PBS Newshour decided to cover the issue of why no banksters have gone to jail on what has to be one of their lowest traffic days of the year. And I have a sneaking suspicion I got the call to go on the show because it was not exactly easy to find people willing to be.

News in May 2012 Browse by year. The special grand jury would convene in cases involving fraud or theft that occurs in more than one county and where all potential charges are against a single.

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