John McCormick's (corvin) Blog

The question for today is; what effect will the new PPIP have on the Real Estate market?  PPIP stands for Public-Private Investment Program. The way I understand the program is that it will function to give certain homeowners an advantage by lowering their principal through a resale of securitiza...

LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS Ellen Brown, September 19th, 2009http://www.webofdebt.com/articles/mers.php A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid fo...

I received the following in an  Email and need some help decyphering it. Maybe our A.R. experts know something about this?   http://commercialforeclosureblog.typepad.com/indiana_commercial_forecl/files/BoykoOpinion.pdf    It takes a lawyer to read these things but it appears to say that if the pa...