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 [...]
Two different lenders own my mortgage??????
March 10, 2011 By 1 Comment
Talk about a title NIGHTMARE. As you will see below in a blurb from April Charney, a large national servicer (U.S. Mortgage) STOLE mortgages belonging to credit unions for which they were servicing the Notes. ($142 million worth of loans!!!). U.S. Mortgage sold the loans to Fannie Mae and kept all the money but kept [...]
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 [...]
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 [...]
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 [...]
Will WikiLeaks take down Bank of America?
November 30, 2010 By 1 Comment
Andy Greenberg in Forbes says that WikiLeaks will soon “release a ‘megaleak’ regarding a major U.S. bank.” Based upon an interview that occurred last year, the founder of WikiLeaks stated that “we are sitting on five gigabytes from Bank of America, one of the executive’s hard drives.” With the robo-signer scandal fresh in the press [...]
Wells Fargo admits 55,000 foreclosure applications flawed (READ: FRAUD)
October 28, 2010 By 3 Comments
Wells Fargo admitted it made mistakes in roughly 55,000 foreclosure cases. Surprise, surprise, surprise! Wells announced Wednesday that it will quickly “fix” these issues and re-file the necessary documents by the middle of November. Wells called the mistakes “technical“, and it says “it has no plans to halt the foreclosure process”. Of course, they won’t [...]
Bank of America is ready to resume foreclosures.
October 19, 2010 By Leave a Comment
The Wall Street Journal is reporting that BofA is ready to crank up the foreclosure machine once again. Amazing what can be done when Bank of America might take a financial hit. BofA can’t seem to locate the submitted paperwork for a loan modification (or short sale) at least 30% of the the time. Their [...]
Chase’s deceptive loan modification
October 18, 2010 By Leave a Comment
Press hard, third copy is yours. What did you just sign? Tim Hammond, an experienced REALTOR in the Greater Houston area, posed a question to our team last week. He heard mortgage servicers are mass mailing loan modifications (and/or mass mailing approvals for loan mods), especially to those folks facing foreclosure. Is this true? Since [...]
