Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-60746 Mon, 26 Sep 2016 15:06:32 GMT Wells Fargo Created A Decade Of Hell For Michigan Homeowner iehi-feed-60655 Tue, 13 Sep 2016 14:17:04 GMT Attorney Nick Wooten is Suing Banks in Illinois for Breaking Into Homes | Mandelman Matters iehi-feed-60643 Sun, 11 Sep 2016 13:25:07 GMT The Single Best Tool for Downsizing in Retirement is Called: HECM-for-Purchase | Mandelman Matters iehi-feed-60583 Thu, 01 Sep 2016 22:31:16 GMT "Making Home Affordable" Con Arist-Scammed Widow Gets 11th-hour Reprieve | Mandelman Matters In short, what Kevin Carter/Rasher/Fox was doing was telling people that he worked for the Treasury Department and "HUD Making Home Affordable," which incredibly, was the name of his company.  He'd tell homeowners that he had gotten their loans modified and then instruct them to send their payments each month to his address via cashier's checks made out to HUD Making Home Affordable... his own bank account.

After two years, give or take, the bank would foreclose on the home and sell it at a trustee sale... and that's when the couples that Kevin scammed would discover that they'd been scammed.  They thought that they'd been making their payments on time each month, only to learn the hard way that they were paying Kevin Carter/Rasher... and no one else.

iehi-feed-60546 Mon, 29 Aug 2016 14:50:50 GMT Michigan sets parole for robo-signer ‘Linda Green' iehi-feed-60490 Sun, 21 Aug 2016 12:52:40 GMT Amway Heirs AKA The DeVos Family Members Busted In Tax Scam Dragnet iehi-feed-60395 Sun, 07 Aug 2016 17:09:37 GMT Is A Miami Sex Hotel Chain Funding A Judicial Candidate? iehi-feed-60381 Fri, 05 Aug 2016 00:39:41 GMT "A Reverse Mortgage Ruined His Life"? - LOL | Mandelman Matters So, I'm to believe that this 67 year-old man, presumably of reasonably sound mind, waited until he received a foreclosure notice to find out how to pay his back property taxes, and when he couldn't find the amount listed in that foreclosure notice, that's what made it "tough for him to catch up" on his property taxes?


The Post's article is a crap sandwich from the first bite to the last... the headline alone is so monumentally irresponsible that it should be a violation of the Truth in Advertising laws... if those even exist anymore.

However, in this case it's far worse than just getting a few facts wrong in an article... the Post's story is all but certain to scare some away from a HECM reverse mortgage for absolutely no good reason and in my mind that's just as bad as misleading someone into getting a reverse mortgage.

iehi-feed-60359 Tue, 02 Aug 2016 23:25:09 GMT The Foreclosure Crisis is Dead.  Long Live the Foreclosure Crisis! | Mandelman Matters iehi-feed-60348 Mon, 01 Aug 2016 19:28:44 GMT Foreign Appetite For U.S. Securities Has Taken a Drubbing iehi-feed-60342 Mon, 01 Aug 2016 14:02:35 GMT What is Credit Damage and What Can You Do About It? | Mandelman Matters iehi-feed-60304 Tue, 26 Jul 2016 17:44:29 GMT Miami Judge Throws Out Bitcoin Money Laundering Case iehi-feed-60277 Fri, 22 Jul 2016 17:27:48 GMT What Is Straw Buyer Fraud And Occupancy Fraud? iehi-feed-60224 Fri, 15 Jul 2016 14:04:56 GMT Ohio Attorneys... Loan Modification RESPA-TILA Litigation Primer - July 28th & 29th | Mandelman Matters iehi-feed-60211 Thu, 14 Jul 2016 13:58:36 GMT ACLU And NAACP Accuse City Of Detroit Of Ripping Off Homeowners iehi-feed-60202 Wed, 13 Jul 2016 12:40:48 GMT The Austrian Government To Seize Of Adolf Hitler Birthplace iehi-feed-60199 Tue, 12 Jul 2016 20:08:48 GMT Bank of America Denies Existence of Alleged No Girls Club Or Bro's Club iehi-feed-60192 Tue, 12 Jul 2016 02:37:19 GMT Miami Dolphins Owner Stephen Ross 90+ Days Delinquent On $150 Million Loan iehi-feed-60149 Wed, 06 Jul 2016 19:15:42 GMT Chris Christie And His State Sanctioned Loan-Sharking Operation iehi-feed-60132 Sat, 02 Jul 2016 20:46:41 GMT Florida Pastor Convicted Of Mortgage Fraud