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 [...]
LIVE – Monday, Dec 13 – Talk 650 AM @ 7am
December 13, 2010 By Leave a Comment
Special guest Mike Baker from Chevy Chase Funding will be taking calls and answering questions about your mortgage related issues – with a focus on property tax issues this morning on CBS Radio’s Houston Morning Show on 650 AM or live digitally from 7am-8am. Call now at 713-965-0650.
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 [...]
Last will & testament for banks
May 11, 2010 By Leave a Comment
This is another example of the need to determine exactly where you mortgage loan resides. If you used to be with a mortgage company that no longer exists or filed bankruptcy than it is very likley your tax dollars have bailed out your mortgage. While this is more funny than helpful, this Bloomberg article points [...]
You are not in default. Freddie Mac is making your payments!
May 7, 2010 By 1 Comment
Yes it is true. I have seen it with my own eyes and IN WRITING. In our office we have on record a statement from Freddie Mac, which they submitted to the courts, that “Freddie Mac has made all relevant and required payments to the investors on behalf of the borrowers.” Did you catch that?!?! Yes, Freddie Mac acting as the [...]
Fannie Mae requiring borrower to be more credit worthy. Say it isn’t so!
May 5, 2010 By Leave a Comment
Citing the need to protect borrowers from mortgage payments that potentially balloon out of control, Fannie Mae is putting forward new standards for the purchase and securitization of adjustable-rate mortgage (ARM) products. Why stop now? You have unlimited U.S. taxpayer money. Everyone NEEDS to have a home. More loans, more loans, more loans. A mortgage [...]
Should I try a short sale, file bankruptcy, or both?
May 4, 2010 By Leave a Comment
This is a common question posed to us. Can I do a short sale AND a bankruptcy. The answer is yes, BUT. Below is a short article by a Boston BK attorney who I think does a decent job of explaining both options. That said, I think that way too often homeowners jump right to the [...]
No Trust in the Trustee – Rigging foreclosure auctions for profit
May 3, 2010 By Leave a Comment
“There is no trust in this business” said the foreclosure trustee. Scary huh? This isn’t some fictional story. This is real life in Harris County, Houston, Texas. Recently, members of our team confronted the Trustee that was about to auction off the homestead of one of our clients. In our hand was the Temporary Restraining [...]
