Legg Law Firm, LLC. Consumer Blog: Recent Comments2008-10-13T06:39:56Zhttp://blog.legglaw.com/comments/atom.aspxQuick BlogcastComment on Where we are and how do we get out of ittag:blog.legglaw.com,2008-10-12:1440442Scott2008-10-12T23:16:12Z2008-10-12T23:13:13Z We need to deal with the debt; not try to cure the excess credit issues by throwing more credit at the problem. The stock market reaction is a realization that there will be difficult times ahead since consumer spending will grind to a halt if the past debt must be paid.
The net effect of the excessive and expensive credit is that the middle class in this country has been left insolvent. Insolvency exists when a person cannot pay their debts as they become due and/or the person's liabilities exceed assets. The excess credit has left many in the middle class insolvent since the middle class is unable to pay their debts as they become due. The drop in both housing prices and the stock market has now also rendered many in the middle class since their liabilities now exceed their assets. ]]>Comment on Where we are and how do we get out of ittag:blog.legglaw.com,2008-10-12:1440358Fernando Herbosohttp://www.ReallyNiceHomes.com2008-10-12T22:54:45Z2008-10-12T22:17:43Z4 times as many. .]]>Comment on Who could have anticipated that telling regulators not to regulate could lead to disaster? Anyone and Everyonetag:blog.legglaw.com,2008-09-25:1392293Scott2008-09-25T07:45:12Z2008-09-25T07:45:12Z]]>Comment on Who could have anticipated that telling regulators not to regulate could lead to disaster? Anyone and Everyonetag:blog.legglaw.com,2008-09-25:1392175Mike Morin2008-09-25T05:38:28Z2008-09-25T05:38:28Z As I have asked before, will they turn the FBI loose on these fools? Some jail and a lot of restitution would go a long way in precluding this from happening yet again. Has everyone actually forgotten the savings and loan debacle?]]>Comment on How "high finance" from Wall St. lead to the run up in real estate pricestag:blog.legglaw.com,2008-09-18:1374961mcn2008-09-18T20:17:30Z2008-09-18T20:17:30ZComment on How "high finance" from Wall St. lead to the run up in real estate pricestag:blog.legglaw.com,2008-09-18:1373460Fernando Herbosohttp://www.ReallyNiceHomes.com2008-09-18T09:14:44Z2008-09-18T09:14:44ZI would like your permission to put this article on my blog . . Please let me know.]]>Comment on The Credit Crisis Continuestag:blog.legglaw.com,2008-09-17:1370412Mike Morin2008-09-17T08:16:27Z2008-09-17T08:16:27Z Are you aware of any effort at Maryland state level to address the issue of securitization and the initial fraud involved in the majority of these mortgages?]]>Comment on Saving Families' Homes who have been victims of Foreclosure Scamstag:blog.legglaw.com,2008-07-25:1226606sharon briscoe2008-07-25T16:52:06Z2008-07-25T16:52:06ZComment on New Maryland Laws affecting foreclosures, foreclosure frauds, mortgage fraud and prohibiting termstag:blog.legglaw.com,2008-06-19:1132249Fernando Herbosohttp://www.ReallyNiceHomes.com2008-06-19T14:26:22Z2008-06-19T14:26:22ZI have been aware of your input to help pass the new law in the State of Maryland to help homeowners in foreclosures. Does your firm provide with a combination representation of Bankruptcy, Foreclosure and/or Short Sale? I have several homeowners that are facing this soon and I would like to find out if your firm could help them?
Please let me know. Fernando Herboso 240-426-5754]]>Comment on New Maryland Laws affecting foreclosures, foreclosure frauds, mortgage fraud and prohibiting termstag:blog.legglaw.com,2008-04-12:964835Michael Gregg Morin, Esq.2008-04-12T13:21:03Z2008-04-12T13:21:03Z Maryland has not had the teeth in its laws to preclude the rampant mortgage fraud and foreclosure rescue fraud that we have seen in the past few years. In 2005, Maryland had the insight and foresight to enact the Protection of Homeowners in Foreclosure Act (PHIFA). In the last couple of years, we have witnessed the failure of oversight at the federal level. The current Maryland Administration has continued the Maryland tradition of getting ahead of these problems. The 2008 legislative session strengthen PHIFA and enacted new laws designed to minimize mortgage fraud.