My county commissioner sent us a questionnaire soliciting input that would enable him to represent constituent views effectively. One question in particular nagged at me because it was more specific than all the others, had not appeared on any of the other dozens of political questionnaires I receive in a political season, and was not a topic du jour in […]Read more ›
Baxter Jones was a Detroit middle school teacher and track coach in 2005 when his car was struck from behind by another vehicle. The horrendous accident left him with traumatic brain injury and he is now unable to walk or speak clearly. Five years later, while on family medical leave, he was let go from the Detroit Public School system […]Read more ›
Even Republicans aren’t happy about Trott’s predatory practices. That won’t do him any favors in his bid for the seat held by Kerry Bentivolio, who’s on shaky ground himself. David Trott’s reputation as a foreclosure vulture precedes him. And it’s going to be a huge albatross hanging around his neck in his campaign in Michigan’s 11th Congressional District. He’s been […]Read more ›
Candidate for Michigan’s 11th Congressional District launches initiative seeking real stories of foreclosures executed by Trott and his law firm. During the housing market crisis, there’s a good chance you or someone you know went through a foreclosure or eviction. And if you live in Michigan, it might have been done at the hands of David Trott in his position […]Read more ›
That advice wasn’t good for consumers. But it sure must have been good for Trott’s business handling foreclosures.
David Trott, chairman and CEO of one of the country’s largest law firms specializing in foreclosure services for the mortgage industry — and a Republican candidate running in Michigan’s 11th Congressional District — has got some explaining to do.
In September 2007, subprime mortgage firms were declaring bankruptcy, other financial institutions were refusing to take on more subprime loans and millions of Americans were at risk of losing their homes. At that same time, Trott appeared on the Michigan TV program “Due Process” and called subprime mortgages “a perfectly appropriate product.”
Yes, David Trott defended subprime mortgages even as the subprime mortgage market was collapsing. That collapse contributed significantly to the larger financial crisis that wreaked havoc on the global economy.
Trott’s statements on “Due Process” make it clear he didn’t see anything wrong with endorsing a product he knew very well would result in even more foreclosures — risking the homes of average Americans while driving more business to his law firm.
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