Foreclosure Law Firms Foreclosure Attorneys Share your foreclosure experiences We would like to post your experiences. There is power in knowledge and if we all put our heads together, it may help us resolve some really challenging foreclosure problems. The people who have visited this site over the last half decade have been through it […]
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With the housing crises now over a half-decade old, today we are mired in huge numbers of homes in limbo. No one even knows who these homes belong too. Often, the owners were forced to leave the property but perhaps illegally? Perhaps the events leading to the eviction were not legal. If you are confused […]
Sen. Levin calls Goldman Sachs tactics “disgraceful”… In one 2007 case, executives at Washington Mutual Bank were urgently trying to sell risky loans likely to go delinquent to get them off its own books and pass the expected losses on to investors, the committee report concludes. The Senate panel investigators found that WaMu pooled 1,900 loans worth more than $1 billion in a security in March 2007. Within 9 months, the ratings on the loans were downgraded and by February 2010, more than half the loans were delinquent.
WAMU was not really the lender on notes between 2005 and 2008. Can a “nominal Lender” that did not fund the transaction, but rather fraudulently allowed its name to be put on a Note and Deed of Trust or Mortgage to trick a Homeowner into signing a Deed of Trust or Mortgage to secure an Investment Security, assign a Beneficial Right it never had to another Beneficiary?
If your foreclosure involves a law firm whose name is on the list below, then there is a good chance that many fraudulent practices were employed. If you see one of these attorney’s names on your paperwork, then check to see if they took some less-than-legal shortcuts in the process.
How many Sub-Prime mortgages acuired by Chase from WAMU via FDIC have become permanent loan modifications
WHAT PERCENTAGE OF SUB-PRIME MORTGAGES THAT WERE ACQUIRED FROM WAMU HAVE BECOME PERMANENT MODIFIED LOANS. This information is even hidden from JP Morgan Chase employees. Without this vital statistic, Obama is wasting the taxpayers’ money!
We Need JP Morgan Chase and WAMU Class Action in Every State! …The suit alleges that Chase and WAMU had no reasonable basis to conclude that their borrowers’ finances had in fact declined and that the banks broke their written promises to provide customers with two weeks’ notice to substantiate their incomes before taking such […]
JP Morgan Chase Converts 1.46% of their HAMP Trial Loan Modifications into Permanent Modifications. Other motivated banks have a 83% success rate. What’s really going on?
As soon as Capital One sniffs out financial difficulties, the start sending out credit card applications. If you ignore them, they disguise them in different shape envelopes. Some are designed to look so official, so mysterious — nothing but a very official return address — one becomes fearful of not opening it… This company has […]
“The world is a dangerous place, not because of those who do evil, but those who look on and do nothing…” Albert Einstein
Chase Home Finance Has MANY Good Reasons Not To Make Your Modification Permanent You’ll find quite a few listed on this blog. This is just one more, certainly not the only one: Right now your mortgage is on the books with a home value that fully covers the loan. Once the trial modification is made […]
Legal battles are hard enough to fight if they are fair. But when one person goes into the ring blindfolded and with hands bound, it’s not fun to watch. This section will discuss the ideal ways to fight back if you are victimized, for any reason, by a wrongful foreclosure. What is provided is just […]
Robert of San Jose, CA July 1, 2009 I would first like to state Im a first time home buyer. It all started 2006 When I recived a notice of Trustee’s Sale dont really remember the out come of that noice I do know Im still ilving in the home. Well I recived a Notice […]
In its most recent quarter, J.P. Morgan’s profit more than quadrupled to $3.3 billion. J.P. Morgan got a great deal on WaMu, which it bought out of receivership for 3 cents on the dollar. Every time WaMu does a foreclosure, J.P. Morgan makes money. With this in mind there is plenty of room in their business plan to have a conscience that can make a good profit, safely, without creating fabricated excuses to deny permanent modifications and to through families and children out on the streets.
When interest rates are going down, banks are faster than speeding bullets at closing mortgages. Before the advent of the computer, no one was better at not losing paperwork than banks. When it comes to permanent loan modifications, timing = profit or loss. Manipulating the timing work to affect profit is not the goal. The name states the goal well: Making Home Affordable. But should it be renamed: Making Foreclosure More Profitable for Lenders? Let’s keep the program goal in our sights.
HUD ADVANCES FIGHT AGAINST LOAN MODIFICATION SCAMS. National Coalition Launches Online Scam Reporting Tool
Why are foreclosure consultants and attorneys teaming up to defraud homeowners experiencing mortgage-related distress? Individuals acting as “foreclosure consultants” are not entitled to receive payment until their loan modification work is completed. However, attorneys are permitted to accept advance fees for providing typical legal services.
People ask: Can I get a loan modification. Looking at the numbers below, it looks like about only 2.3% of borrowers who need help actually get it from permanent loan modifications: More than 5 million U.S. households are behind on their mortgages, and a government-sponsored program in which banks reduce monthly payments voluntarily has, by […]
As a society we learn to point fingers at social injustice around the world. And that’s not a bad thing. But it is when the person pointing fails to see his own faults. From shark fin soup to the movie The Cove, we pride ourselves on our good taste in fashionable morals. How we decide […]