Consumer Alert: Don’t Let Foreclosure Rescue Schemes Sink You
Fees and Practices Trigger Complaints to FBI and State Investigators
In tough financial times it seems plenty of companies are claiming they can save Utah homeowners from foreclosure. There are a growing number of advertisements offering home loan modifications–or foreclosure rescue plans–for up-front fees. In Salt Lake City, [...]
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COPPELL, Texas–(Business Wire)– American Home Mortgage Servicing, Inc. (AHMSI) filed suit today in Franklin County, Ohio, against the Ohio Attorney General to dispute unsupported allegations made in a pre-suit letter from the Ohio Attorney General`s office regarding the company’s mortgage loan servicing practices, including its customer service, loss mitigation, and loan modification activities, under the [...]
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Cordray Files Second Suit Against Mortgage Servicers – 11/5/2009
(CLEVELAND)—Ohio Attorney General Richard Cordray today filed a lawsuit against American Home Mortgage Servicing Inc. (AHMSI), a Texas-based company servicing more than 12,000 subprime and prime mortgage loans in Ohio. The lawsuit alleges numerous violations of the Ohio Consumer Sales Practices Act including but not limited to: [...]
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WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender.
“The Deed for Lease Program provides an additional option for qualifying [...]
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Submitted by a Homeowner Via Email to Me: I will take further action as necessary to keep my home. If they want my home they will get it over my dead body.
Dear Mr. Marks and Mr. Bedard,
Please feel free to use the attached documents and share the information therein as well as this email to [...]
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Submitted by a Ripped Off Homeowner
Dear Moe,
My advice to all who read this would be to beware of anyone claiming that they can do better then you at negotiating with your lender. I paid $3,000 to “Help Modify Now” out of Newport Beach, California last April and am afraid that I have become yet another [...]
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American cities are on the verge of a rat invasion, warns small-mammal biologist and self-described “rat pack” member Dale Kaukeinen (in college “all the good animals were taken,” he says) in a new study. And redemption, it turns out, is both personal and political.
“The problem of rats is just a symptom of a declining and [...]
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By California Assemblymen Pedro Nava – On October 13, 2009, as Chair, I conducted an informational hearing of the Assembly Banking & Finance Committee to examine current efforts aimed at preventing foreclosures. This hearing gave the committee expert information on the scope of the current problems and the potential for establishing a monitored workout program [...]
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Detroit — Tens of thousands of Wayne County foreclosures — and potentially hundreds of thousands across the state — are unlawful because sheriffs did not follow state law when they conducted foreclosure auctions, an attorney said Wednesday.
On Tuesday, Bloomfield Hills attorney Paul Nicoletti filed a proposed class-action suit in federal court seeking to set aside [...]
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A majority on the high court’s Task Force on Residential Mortgage Foreclosures recommended trying mediation on owner-occupied homes before cases go to court, with lenders picking up the tab. Borrowers would be contacted by phone and mail and asked to participate. The high court did not immediately act on the proposal.
“The data that the banks [...]
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