Worried about your mortgage? How about just not paying it? Some banks were so enthusiastic in playing subprime derivatives shell-games that they've literally lost the notes on the mortgages they "own," and can't prove that deadbeat homeowners owe them any money. An estimated $2.1 trillion worth of these mortgages are "orphaned" with no apparent owner.
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.
"If you're going to take my house away from me, you better own the note," said Lents, 63, the former chief executive officer of a now-defunct voice recognition software company.
Oculus Quest, the so-called ‘iPod of VR’, is now shipping.
Marginalized Native American communities throughout the United States could have better access to high-speed internet if the Federal Communications Commission (FCC) decides to allow tribes to use the Educational Broadband Services (EBS) spectrum for services like telemedicine, transmitting medical records electronically, or an online high school.
The Federal Communications Commission (FCC) has denied an application by the Chinese telecommunications provider China Mobile to provide services in the U.S. over concerns about national security and risks to law enforcement.
Trying to earn a promotion? Memorial Day weekend might be a good place to start. There are tons of e-learning packages that can help you build professional skills a lot quicker (and cheaper) than any technical academy. Whether you want to earn IT certifications, learn to code, become a designer, or anything else, these comprehensive […]
If you’re into tools or gadgets, Memorial Day weekend is your Christmas. Take an extra 15% off the final price of these DIY accessories – all of which are already on sale – by entering the promo code WEEKEND15. LUXJET Universal 24-in-1 Magnetic Screwdriver Set & Repair Kit This small but sturdy kit won the […]
If you can build a cloud infrastructure, you can build a business. Companies are overwhelmingly turning to cloud computing to set up or bolster their network, and it’s easy to see why. It allows on-demand access to processing power, a la carte services, and nearly unlimited storage, all without adding extra systems and the maintenance […]