Ok, maybe I emphasized the CON in RECONTRUST but check, check and re-check again every document and entity that is trying to foreclose on property…you never know what you might find. According to Bloomberg and foreclosure defense attorney Beth Findsen: AG Mark Shurtleff advised Brian Moynhian that the bank’s foreclosures in Utah are illegal. “A [...]
Banks pay $125,000+ for each military member’s wrongful foreclosure
May 27, 2011 By Leave a Comment
HAPPY MEMORIAL DAY!! Finally! Bank of America coughs up $20 million and Saxon another $2.35 millionto members of the military who are victims of wrongful foreclosure actions. On average, Assistant Attorney General Tom Perez said victims in the Saxon case will receive an average of $130,555, while the Countrywide victims will receive about $125,000 each. [...]
Five Biggest Mortgage Firms Defrauding Taxpayers say Federal Auditors
May 18, 2011 By Leave a Comment
Bank of America, Chase, Wells Fargo, Citigroup and Ally Financial (GMAC) have been (and still are) cheating taxpayers by wrongfully foreclosing and then claiming millions of dollars in reimbursements from HUD, FHA & other governmental bodies for losses on mortgage loans. Why won’t you let the dog sniff your locker? As the article below shows, [...]
CBS 60 Minutes – Who really owns your mortgage?
April 4, 2011 By 9 Comments
Strange but true…bank AND attorney fraud. No surprise either that AHMSI is named! It’s bizarre but, it turns out, Wall Street cut corners when it created those mortgage-backed investments that triggered the financial collapse. Now that banks want to evict people, they’re unwinding these exotic investments to find, that often, the legal documents behind the [...]
Foreclosure info from LPS details banks getting paid 2-3x for the foreclosure!
March 30, 2011 By 3 Comments
The friendly folks at BankofAmericaSuck.com posted information about the screens and the access to info that your bank has about your home loan. LPS, short for Fidelity’s Lender Process Services is the nations largest insurance & foreclosure tracking servicing and is used by many banks to handle the nitty gritty details involved in managing your [...]
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 [...]
Bank of America sued for scam loan modifications
January 5, 2011 By 3 Comments
Taking someone’s money with no intention of performing any service or delivering a product is not only unethical but in mose cases illegal. Last month the Attorney General of Arizona decided that enough is enough. Bank of America has simply been stealing money from unsuspecting homeowners. Not only are they stealing money but they are [...]
Holiday Foreclosure Freeze? No, not for Texas.
December 13, 2010 By Leave a Comment
Although Fannie Mae, Freddie Mac and several other large lenders are claiming a Holiday Gift with their self imposed foreclosure freeze sadly it won’t help Texans one single bit! This “gift” is nothing more than a shameless attempt at improving their poor public image. Why won’t it help Texans? Because although they will suspend foreclosures [...]
Tips for Success with Bank of America’s Equator system
December 6, 2010 By 4 Comments
Part 2 – Equator Tips for Success If you want to be successful in short sales that require Equator make sure to employ these Tips and Traps. Part 1 can be read here The following Equator tips and traps come from Dan Welch. Dan Welch is the lead short sale negotiator for Home Solution Counselors [...]
Traps to Avoid with Bank of America’s Equator system.
December 3, 2010 By 3 Comments
Part 1 – Equator Traps to Avoid. If you want to be successful in short sales that require Equator make sure to employ these Tips and Traps. The following Equator tips and traps come from Dan Welch. Dan Welch is the lead short sale negotiator for Home Solution Counselors. Dan saw the light and fled [...]
