The New York Times is reporting that the Department of Justice is looking into Saxon Mortgage regarding their foreclosure of ACTIVE DUTY military families without a court order – a clear violation of Federal law. Anyone who has had Saxon as a mortgage servicer for more than 3-4 months quickly learns that they are difficult [...]
MERS owns your mortgage or not?
March 8, 2011 By 1 Comment
MERS is the bane of homeowners who simply want to know who really owns their loan and who might really have their Promissory Note. The article below from the The New York Times highlights the flaws and misconduct that is going on behind the scenes and helps explain (in part) why you can’t easily determine [...]
HAMP & HAFA fading away just like their mostly empty promises
February 24, 2011 By Leave a Comment
So is the end of HAMP near? Looks like Congress is making a run at ending HAMP. Sadly, HAMP never lived up to its touted goals and in fact mainly served as a way for servicers to line their folks while dragging homeowners through mountains of paperwork which was required to be faxed over and [...]
If it looks too good to be true…
February 21, 2011 By Leave a Comment
Neil Garfield (whom we soundly endorse) posted the notes below to his site about Too Good To Be True offers from “professionals” in the mortgage or loan modification arena. We agree with Neil that many “providers” offer amazing stats or promises such as “We stop 100% of all foreclosures” or “We resolve 99% of all [...]
FTC’s Mortgage Assistance Relief Services (MARS) – No upfront fees & more
February 15, 2011 By 1 Comment
Homeowners take note! Stop sending your hard earned money to those out-of-state, pretender lawyers or loan mod gurus that claim to get you a loan modification or short sale. Not only are most of these companies scams but now most of them are in violation of the Federal Trade Commission’s (FTC) new Mortgage Assistance Relief [...]
Walk like the Egyptians – We Need Change Now!!!
February 14, 2011 By Leave a Comment
Steven Gillan the Executive Director of the American Alliance of Home Modification Professionals says this terrible foreclosure situation has gone on too long. Many American families have lost their home or are in the process of doing so – in many cases this does not have to happen. The Obama Administration and Congress has not [...]
Citi settles fraud cases ties to Texas-based Mortgage Assigner
February 9, 2011 By Leave a Comment
If facing foreclosure, don’t just give up. Fight for your rights. “Citigroup paid almost $82,000 in opponents’ legal costs when settling challenges to four bankruptcy claims that used Orion letters in 2010, according to agreements filed with federal bankruptcy courts in New York and Arkansas. The bank reduced interest rates on the remaining debt by [...]
Massachusetts Supreme Court case discussion. What does it mean for Texas?
January 17, 2011 By 1 Comment
The foreclosure defense advocates have been having a field day discussing the outcome and applicability of issues from the recent Massachusetts Supreme Court decision. Today’s guest post is from George W. Gore the founder and lead attorney for The Gore Law Firm. In this post he gives a quick overview of the case and the [...]
Judge threatens jail time for bankers
January 13, 2011 By 7 Comments
Flagstar Bank, GMAC, PNC Bank, SunTrust Bank, U.S. Bank and Wells Fargo must be “special” as they apparently don’t think they need to show up to court. Miami-Dade Circuit Judge Jennifer Bailey was hopping mad at the lack of respect shown her court by these banks. She warned, “You may be held in jail up [...]
Wells Fargo insider spills beans about The Black Hole
January 12, 2011 By 3 Comments
AMAZING! Anyone attempting a loan modification or short sale more than once with Wells Fargo can attest to “The Black Hole”. The following article is from Neil Garfield’s website and is very revealing. Wells Fargo as well as other large banks tend “lose” documents on a regular basis. – The Bank Slayer EDITOR’S COMMENT: LIVINGLIES [...]
