Source:
Michigan MessengerThe headquarters of the John McCain-Sarah Palin ticket in Michigan, located at 31330 Northwestern Highway in Farmington Hills in suburban Detroit, is owned by a law firm called Trott & Trott which specializes in housing foreclosures.
As the Republican nominee makes his first post-convention appearance in Sterling Heights, Michigan today, the livelihood of his local hosts has not yet attracted much notice But if the Trott name rings no bells among the national press corps, it is all too familiar to the record number of Michigan residents facing foreclosures on their homes in this election year.
McCain’s landlord boasts of providing “comprehensive foreclosure, bankruptcy litigation and related services for the real estate finance industry.”
That means that as the Michigan housing market goes south, Trott & Trott firm is prospering. The firm’s founder, David A. Trott, is also donating generously to McCain campaign.
Trott and his wife Kathleen, have given $23,000 to the McCain campaign in 2007-08, according to the Center for Responsive Politics. They gave another $52,400 to the Republican National Committee in May of this year.
Court records show that Trott & Trott works closely with Countrywide, the notorious southern California subprime lender. Countrywide’s lending polices have, by all accounts, played a significant role in the national housing market’s boom and bust cycle of the last two years.
When Countrywide’s borrowers find themselves unable to meet their payments, Trott’s firm helps the lender extract advantage from those who cannot pay the unreasonable terms that they, wittingly or unwittingly, signed up for. There’s nothing illegal about Trott & Trott’s business but the firm has faced scores of lawsuits over its handling of foreclosure cases, according to court records.
Read more:
http://www.michiganmessenger.com/3805/mccains-landlord
Full article at the link.
-Diane
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