We have attached an excellent document produced by Reuters that gives a good overview of not only the problems with robo-signers but explains the facts surrounding missing mortgage paperwork that is suddenly found – albeit maybe with different signatures and fabricated legal affidavits. Click HERE —> Mortgage Mess Robo Signers Return – Reuters Report May [...]
Trying to understand the Mortgage & Robo Signer mess? Read this doc!!!
August 3, 2011 By Leave a Comment
Foreclosures backed up like stinky sewer
March 29, 2011 By Leave a Comment
For those in the Greater Houston area that have cash out refinances or home equity loans which are in default you may be wondering why the bank isn’t trying to foreclose. Guess what…they are trying to foreclose but they are behind. Our office has been tracking the number of foreclosure applications that are submitted by [...]
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 [...]
Homes in Houston foreclosed regardless of the “Hold”
November 9, 2010 By Leave a Comment
While many of the large banks claimed to have foreclosures on hold in October (and yes even November) so they could review their foreclosure procedures it appears they didn’t “hold” back much in the Greater Houston Area. Harris County shows 786 foreclosed in November vs 1,246 foreclosed in October. Fort Bend County shows 114 foreclosed [...]
Foreclosure hold is a lie…
November 4, 2010 By Leave a Comment
Although many of the large banks claimed to have foreclosures on hold while they review their procedures it appears they didn’t “hold” back much in the Greater Houston Area. While the number of foreclosed property is slightly lower than previous months it not what I would call a HOLD. More like a slow down. Did [...]
November 2 Foreclosure Sale Date. 5,463 set to go?
November 1, 2010 By 1 Comment
Although some of the largest mortgage banks (servicers of mortgages) such as Bank of America, Wells Fargo, Chase and GMAC have announced in varying releases that they are halting foreclosures while they review their procedures, they haven’t stopped posting and prepping to auction off over 5,000 homes in the Greater Houston Area. How many folks [...]
FAQ on Texas AG Demand Letter to Mortgage Servicers to Halt Foreclosure Activity
October 6, 2010 By Leave a Comment
The following FAQ is a reprint of the FAQ provided to Texas Realtors and on the affect to various types of foreclosure related transactions such as REO sale, Short Sales, Evictions and Foreclosures. >>>>> TAR – FAQForeclosureMoratorium100610 Much of this remains to be seen but it is worth reading and noting possible issues that may [...]
List of Lenders targeted by Texas Attorney General
October 6, 2010 By Leave a Comment
The following is the list of mortgage servicers (lenders) that have been initially targeted by Texas Attorney General Greg Abbot’s office for possible foreclosure fraud. If your loan is in a foreclosure status or you have been wrongfully foreclosed within the last four years please seek assistance immediately. – The Bank Slayer Last updated 11 [...]
Mortgage Banks ignore Texas Attorney General, foreclose at will
October 6, 2010 By 1 Comment
Looks like the banks collectively thumbed their noses at the Texas Attorneys General Office and marched forward with foreclosures yesterday, except for GMAC/Ally. The Houston Chronicle caption reads… “Foreclosure sales go forward as Texas AG pushes moratorium“ But here at BustMyBank we predict that the banks’ excrement is about to make physical contact with an [...]
Texas Attorney General calls for halt of all foreclosures
October 5, 2010 By 15 Comments
“Texas Attorney General Greg Abbott called for a halt on foreclosures Monday amid nationwide scrutiny over the way they are processed.” The fraud in the mortgage industry has finally hit a raw nerve. 27 mortgage servicers have just been put on Notice to HALT the sale of foreclosures and homes in the foreclosure processes. Mortgage [...]
