SHOCKER, not everyone in foreclosure “bought too much house” or “lied about their income on the loan application”. It turns out, that at times, Wells Fargo falsified records and changed borrowers loan applications or steered them into sub-prime profitable loans. “The order requires Wells Fargo to compensate borrowers affected by these practices.” To identify Wells [...]
Short Sale Nightmare: Seller & Buyer sued by Fannie Mae & MERS
July 14, 2011 By 1 Comment
SHOCKER!! Buyer of a short sale doesn’t own the property he just purchased (or does he?). Seller of the short sale paid off the wrong party (or did he?). The below email was sent to Neil Garfield at Living Lies. Sadly this is not shocking at we know of two other lawsuits where the seller [...]
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. [...]
ForeclosureHamlet.org aka Lisa Esptein’s Response to Nationwide Title Clearing Cease and Desist Letter
April 1, 2011 By Leave a Comment
The letter below shows EXACTLY how the banks and their lawyers try to twist the facts and scare homeowners as well as consumer advocates into accepting their lies. The blogs referenced in this response letter are credible and valuable in the foreclosure defense arena. Statements like: “A paralegal at the now defunct law firm of [...]
Morgan Stanley / Saxon Foreclosing On Military Families
March 14, 2011 By 1 Comment
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 [...]
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 [...]
Chase stole mortgage money and foreclosed on troops
January 17, 2011 By 2 Comments
If you are a REALTOR working with a homeowner who is in the military and J.P. Morgan Chase is the mortgage servicer then get ready to rumble. If you are not taking advantage and leveraging the Servicemembers Civil Relief Act (SCRA) then you are trying to do your job with a knife while your enemy [...]
Wells Fargo sues to foreclose on the wrong house…again
December 15, 2010 By Leave a Comment
Wells Fargo make a mistake? Not possible. They said they have reviewed all their foreclosure processes and everything is on the up and up. It seems that robo-signing can lead to mistakes. It seems that in a rush to foreclose some innocent folks are inadvertently snared in the foreclosure net. The story below is another [...]
December foreclosures set to go through the roof
November 30, 2010 By Leave a Comment
Foreclosure are back with a vengeance in the Greater Houston area- just in time for Christmas. While November saw a lull in the number of homes posted for the monthly foreclosure auction, December is set to roar back with over 6,700 homes posted for sale. Posted Homes for Foreclosure Posted foreclosures for the Greater Houston [...]
