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 [...]
When the Promissory Note shows up!
September 16, 2010 By 2 Comments
Show Me The Note! Produce the Note! This strategy has been circulating for a few years now and in many cases can give real pause to the mortgage servicer AND in some cases slow down the foreclosure process. But this is not always a silver bullet. Why? Quite simply they may be able to either: [...]
Dealing with the hostile judicial bench
September 13, 2010 By Leave a Comment
Last week, The Gore Law Firm scored four Temprorary Restraining Orders agains various banks. Congrats but frankly it is hard, very hard to convince a Judge that someone who is not paying their mortgage should not be foreclosed upon – even if the bank hasn’t produced a vaild note. Why? Simply put a homeowner/borrower is [...]
Houston area foreclosure stats for September 2010
September 3, 2010 By 1 Comment
Tuesday, September 7th is Foreclosure Tuesday. Here is a quick look at the Houston area foreclosure stats: Posted Homes for Foreclosure Posted foreclosures for the Greater Houston Area total 6,689 which is a 43% jump from last month’s 4,478. Galveston County continues to rocket forward with a 53.7% increase over August’s posted foreclosures. Fort Bend County was [...]
MERS – Are 62 Million Homes Legally Foreclosure Proof?
August 22, 2010 By 10 Comments
Yes, you heard it right. The movement against MERS, short for Mortgage Electronic Registration System, Inc., is picking up steam. In case after case, MERS is being more and more closely analyzed as to their role, or their “registration” system’s role in the ongoing foreclosure crisis. MERS related foreclosures may soon grind to a [...]
Flagstar is shutdown by restraining order after breaking promises to homeowner
August 4, 2010 By 8 Comments
The decision makers at Flagstar Bank need a good flogging and they got the first lash on Tuesday, August 3, 2010 when Judge Carolyn E. Baker of the 295th U.S. District Court in Harris County signed a Temporary Restraining Order halting the foreclosure sale of a property in Houston. Like many homeowners, this family suffered [...]
Houston area foreclosure stats for August 2010
July 27, 2010 By Leave a Comment
Tuesday, August 3rd is Foreclosure Tuesday. Here is a quick look at the Houston area foreclosure stats: Posted Homes for Foreclosure 226 – Brazoria County (Pearland, Alvin, Lake Jackson, etc.) 586 – Fort Bend County (Missouri City, Sugar Land, Richmond, etc.) 244 – Galveston County (Galveston, Clearlake, Texas City, etc.) 3,361 – Harris County (Houston, Pasadena, Baytown, [...]
