Leading Consumer and Homeowner Rights Attorneys: Protecting Families, Achieving Economic Justice

Homeowners Blindsided by Wrongful Bank Foreclosures

March 5, 2010 - Though some banks claim that they will help struggling homeowners to keep their house and avoid foreclosure, there are banks that go forward with a foreclosure as quickly as possible, destroying the lives of the people they proclaim to help.

Kens5.com reports that an estimated 5.5 million people are behind on their mortgage payments by at least 2 months. Many of these beleaguered homeowners have sought help from their lenders, but only about 116,000 have successfully had their home loans modified in a way that will allow them to save their home.

Those who have had some success in saving their property from wrongful bank foreclosure have had to be persistent and well-organized in their fight, or have retained the services of an experienced wrongful bank foreclosure attorney. These homeowners are vigilant in contacting the bank and reminding the lender of their case. They also keep records of conversations so that bank officials can not backtrack on their promises.

Many homeowners who have contacted their lender may assume they are safe while they create a plan to keep their house. Unfortunately, many banks give them some hope for a resolution, even as they devise plans to foreclose on the home as quickly as possible.

In some instances, a homeowner might find out too late that their home is up for auction. While it's true that lenders do not have to work with homeowners to modify loans, it is only fair that they inform their customers that the bank is not willing to compromise.

Fair consumer practices would suggest that a lender not "lead the homeowner on" and then blindside them with a wrongful bank foreclosure. Our firm is passionate about the fight to protect Massachusetts homeowners from wrongful bank foreclosures. If you have been the victim of this unethical lending practice, contact the Massachusetts class action attorneys at Phillips & Garcia. We will fight for your rights in your wrongful bank foreclosure case. We are committed to protecting your best interests and helping you collect the damages you need and deserve to move on with your life. Contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.