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How a Black Woman Real Estate Mogul Is Fighting a System from Stealing $50M Worth of Property

Op-ed by Anne Kihagi - In my case, the system thought they could steal $50 MILLION dollars worth of real estate from me with impunity and get away with it. For average people, the authorities could get away with this, but I stood up to be counted by learning the law. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110516:02:26:00

The mortgage says if they don t pay it the bank gets the house back. it is different than other contractual obligations because there s collateral in the property. they are not doing anything illegal. they are not breaking their word they are following the terms of the contract. i never said they were doing anything illegal but aren t they breaking their word? here s a mortgage contract i will pay the debt in a time and manner provided. read on it says but if you don t the bank gets the house back we penalize you. you are not getting off free and clear. best example i can use if you are in a cell phone contract would you think twice about switching if you could get better coverage. you have to pay a penalty but if you want to switch over to a new carrier people wouldn t think twice about switching. seems like mortgage different. one thing is people foreclose your neighbor s property values go down. even on your web cite you say ....

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Detailed text transcripts for TV channel - MSNBC - 20100413:20:07:00

Mortgage lenders to lower principal, the principal on the homes, all the houses that were bidden with money that didn t exist, but you re still paying the mortgage. struggling homeowners have been looking to make these payments with the principal reductions. mortgage lenders also want this because now they ll get their money back. it sounds like a win-win for the americans paying their mortgages and the mortgage lenders. here s the problem the big banks are much more interested in being able to foreclosure on your house than they are on doing anything reasonable. the head of jp morgan chase, one of the banks who is central to making sure you re not able do this told the house central services today, no way, borrowers don t deserve it, he says. after all, there s a certain sanctity to the contract, right? so they deserve to take the winnings and stick you with the losses and create an artificial price for your house, but you don t deserve the principal writedown to an actual rational ....

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Detailed text transcripts for TV channel - CNN - 20100428:21:03:00

U.s. senate and probably debate will begin next weak, wolf. there are some agreements and there are some sticking points. first, the areas of agreement. according to senator shelby, the republican, the democrats they say have agreed to get rid of the $50 billion fund. remember we heard so much about this alleged bailout fund that would be used to unwind failing firms? republicans say that s out in a big concession. republicans also say they got new language on how to shut down failing firms like an aig. so republicans feel comfortable that no taxpayer money could be at stake. again, a big concession, but there are still major differences on two areas, first, those ugly derivatives. those are the risky investments that helped bring down lehman brothers and aig, and the other major sticking point is over this thing called the consumer financial protection bureau. this is a new division that would help the government regulate, for example, what s in your mortgage contract or your ....

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