|
Ref.: Civic Events
Ref.: Arts & Education Events
Ref.: Public Service Notices
02.12 FiveBooks Interviews > Lorraine Adams on The Truth Behind the Headlines
Ref. : Letters to the editor
02.13 Dolphins beaching in record numbers on Cape Cod
02.13 Southern Californians at risk of death from air pollution, EPA says
02.13 EPA Sued by 11 States to Enforce Standards Limiting Soot
02.13 Congress nearly eliminates funds for lead poisoning
02.10 LET’S REMAKE THE WAY WE MAKE THINGS
02.09 Cancer rates triple among New York police officers who responded to 9/11
02.08 The seed emergency: The threat to food and democracy
02.07 Bill Gates backs climate scientists lobbying for large-scale geoengineering
02.04 Your Day at the Beach Could Soon Lead to a Night at the Hospital
02.03 Obama Won't Touch Climate With a 10-Foot Pole
02.03 Komen reverses decision to cut Planned Parenthood funding
02.03 Reforming EU Deep-Sea Fisheries Management
02.02 By defunding Planned Parenthood, the Susan G Komen Foundation betrays women
02.02 Ohio Tries to Escape Fate as a Dumping Ground for Fracking Fluid
Ref. Dollars for Doctors - How Industry Money Reaches Physicians
Ref. 2010 Comparative Price Report Medical and Hospital Fees by Country - Graphics
Ref. Health at a Glance 2011 - OECD Indicators
Ref. : Why is Healthcare Absurdly Expensive in USA (Part 2) [Graphics] (Part 1 is here)
Video Health Care Systems in Less Corrupt Countries
02.07 Did Obama make the economy worse? Not according to most statistics
02.02 ABC's Iran Propaganda
02.02 The Ongoing “Foxification” of the Wall Street Journal
Daily The Daily Howler
02.13 News Corp may face US inquiry after Sun arrests at News International
02.13 Why Was No One Punished for America's "My Lai" in Iraq?
02.05 Why the AGs Must Not Settle: Robo-signing Is Just the Tip of the Iceberg
02.04 THE CAGING OF AMERICA
02.03 Senate Votes To Ban Its Members From Insider Trading... Kind Of
02.13 Bill Maher: Republicans Divide America - video
02.13 The right's stupidity spreads, enabled by a too-polite left
02.12 Even Critics of Safety Net Increasingly Depend on It - Interactive Map: Where Americans Most Depend on Government Benefits
02.12 CPAC attendees more focused on the economy than their right-wing leaders - video
02.10 The Cancer in Occupy
02.10 How Opus Dei Influenced Rick Santorum
02.10 People Are Not Leaving the Labor Force
02.09 Obama, Explained
02.09 OPED: The White Underclass
02.09 EDITORIAL: A Terrible Transportation Bill
02.09 THE OBAMA MEMOS
02.06 Are Conservatives More Fearful Than Liberals?
02.04 Soaking the Poor, State by State
02.04 Reddit Co-Founder Alexis Ohanian's Rosy Outlook On The Future of Politics
02.03 SUPERBOWL XLVI: Are You Ready for Some Football???
02.03 Buffett rules: Sheldon Whitehouse introduces the Paying a Fair Share Act - video
02.02 Secrecy Shrouds ‘Super PAC’ Funds in Latest Filings
02.01 Rich Patrons Are Major Source of Romney’s Cash
02.13 EDITORIAL: The Big Money Behind State Laws
02.10 This is no bailout for Main Street America
02.10 Why the Foreclosure Deal May Not Be So Hot After All
02.10 Matt Taibbi assesses the $26 billion settlement designed to aid victims of foreclosure fraud - video
02.10 Foreclosure Deal to Spur U.S. Home Seizures
02.09 S.E.C. Is Avoiding Tough Sanctions for Large Banks
02.08 Banks Paying Homeowners to Avoid Foreclosures
02.07 App Stores Create 500,000 U.S. Jobs
02.07 The Payroll Tax Fight
02.07 Obama super PAC decision: President blesses fundraising for Priorities USA Action
02.06 How Privatizing Government Shovels Cash to Parasitic Corporations and Undermines Democracy
02.05 We’re More Unequal Than You Think – Graphic: Unequal rise in income
02.03 PRIVATE INEQUITY
02.02 The New American Divide
02.02 American Airlines proposes to end all four pension plans
02.01 Economics 101
Ref. We’re More Unequal Than You Think – Graphic: Unequal rise in income
02.03 What the Occupy movement must learn from Sundance
02.02 US plans to halt Afghan combat role early surprise Kabul
You can also mail a check to:
P.O. Box 42581
Baltimore, MD 21284-2581
ECONOMIC ANALYSIS:
Thinking About Standing-s
Foreclosure is a time consuming and costly process in the best of times. In optimal conditions you are looking at a minimum 90 to 180 days before you get title/possession to even have a chance to put the property up in a decent sale’s market. This is predicated on your having a “perfected” lien with all “I”s dotted and all “T”s crossed showing you have proper “standing” before the judge in the foreclosure proceedings. It is also predicated on that the delinquent occupant will vacate “premises” without requiring eviction. Here we are now seeing that people are increasingly unwilling to move out voluntarily or quickly. We have also seen (in three different court jurisdictions in three different states) where judges threw out the cases because the plaintiff/investors (in the mortgage derivatives) could not prove they had standing to foreclose, showing a lien to the actual properties in foreclosure. When the mortgages were packaged/sold to investors, necessary lien transfer work was not done!
Foreclosure stats are now the worst in Nevada, Florida, and California. Illinois is #17. Ogle County (where I live) has some of the fewest (31) in our State. My hometown of Creston presently has 1 and nearby Rochelle has 7. DeKalb County just East currently has 710 with 217 in the City of DeKalb, 135 in Sycamore, and 14 in Malta. Winnebago County to the North has 2,438 with 729 in Rockford. Stephenson County to the Northwest has 47 with 33 in Freeport. While these numbers are bad and will grow, they pale in comparison to the rank standings of those on the East coast, the West Coast, and the South.
I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.
Copyright 2008 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at asklet@rochelle.net.
To “audit” this column and check out the current stats on your community, please check out:
- Foreclosure listing database updated thru March 31, 2008
- Foreclosure rankings and database updated thru January 2008
Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.
Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.
This story was published on March 31, 2008.
