He was forced to shut down his hair salon business after filing for bankruptcy protection. Creditors are still chasing after him for unpaid bills. Now the bank that holds the mortgage to the New Tampa house where he lives is foreclosing on the property. ...more

October 30, 2009

Explaining Mortgages It is apparent that the news media, Congress, Treasury, homeowners, Wall Street and banks do not understand mortgages. They all talk about banks giving a homeowner a mortgage. Wrong! ...more

March 24, 2009

Whitney National Bank is suing the developers of the 2,800-home Sunshine Village subdivision in Wimauma, claiming they reneged on a $25 million note. ...more

October 15, 2008

Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002. That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton. The Seattle-based lender failed to prove that it owned Lents' mortgage note and dropped attempts to take his house. Subsequent efforts to foreclose have stalled because no one has produced the paperwork. ...more

February 22, 2008