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 [...]
Disabled Vet tossed from home he was renting!
September 19, 2010 By Leave a Comment
This is really an unbelievable story but sadly, if you work in foreclosure defense, it’s all too often these types of railroading of people’s lives occurs. The folks at 4closureFraud.org did an OUTSTANDING job at digging into the screw job a disabled veteran got when a house he was renting was foreclosed. Of course the [...]
JPMorgan CHASE is in the foreclosure business, not the modification business
September 12, 2010 By 8 Comments
It’s simple, follow the money. Everyone understands the purpose of a compensation plan. Develop a plan that uses money to motivate a certain behavior. For the past several years we’ve been saying that the banks/servicers WANT to foreclose properties. It is the fastest way for them to generate fee income as well as convert [...]
Wells Fargo ordered to pay homeowner $155,092!!!
March 12, 2010 By Leave a Comment
Finally, Judges are seeing the wanton and willful actions by some of the mortgage servicers to do whatever they want without care for the homeowner. One of the high points and one that Neil Garfield points out regularly is QUESTION EVERYTHING. ASSUME NOTHING. Just because someone working for the bank tells you or even swears as to the actions occurring that doesn’t [...]
