Like many homeowners, this family suffered a financial setback and had fallen behind on their mortgage.  They worked hard to save their home and get back on their feet.  Finally they were ready to catch back up but like many banks, Flagstar refused.

After failing to get Flagstar to be reasonable and allow them to catchup they came to us.   We worked with the homeowners to secure a modification of their loan and in December 2009 they signed the new modification.

The homeowners made their first six monthly payments, but then Flagstar decided it wanted the house more than it wanted the monthly payments and rejected their July payment.  Flagstar then immediately moved to foreclose on the home on August 3, 2010.

After dozens of attempts to resolve the situation, Flagstar finally said it would postpone the sale and accept payments.  But then after telling the homeowners that they would not foreclose they pulled a dastardly trick and faxed over a denial of the loan modification on Monday, August 2 at 6:30 pm.  Flagstar must have figured that since the sale was the next day it would be too late for the homeowner to react and stop the sale.  They were wrong.

Hats off to the The Gore Law Firm who immediately filed an application for a temporary restraining order and rolled into Judge Baker’s court on Tuesday AM.  Attorney, James Caruthers scored a knockout blow when he convinced the Judge to sign a Temporary Restraining Order halting the foreclosure sale by Flagstar.  The Gore Law Firm rushed the TRO to the courthouse steps two blocks away and hand delivered the Judge’s order to the foreclosure trustee.

The foreclosure was stopped and Flagstar was put in their place.  Score one of the good guys.

- The Bank Slayer

But some Texas counties are fairing worse than others.  Fort Bend County foreclosure filings are up over 67% year over year, Harris County is up over 23%.

If you’re one of the folks facing an imminent foreclosure don’t delay.  Texas has one of the fastest foreclosure process in the country.  You can lose your home in as little as 21 days.  Take action today.

- The Bank Slayer