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Wrongful Bank Foreclosure
- Bank of America Reported as Biggest Forecloser
- BOA Forecloses on Paid Off Florida Loan
- Banks Recording Customer Calls for "Training Purposes."
- Buying Bank Owned Property? You May Be at Risk of a Wrongful Bank Lockout
- Tougher California Wrongful Foreclosure Laws Eyed by Law Makers
- Bank of America Wrongfully Forecloses on Naples, Florida Homeowner
- Junk Fees Being Added to Mortgage Payments by Banks and Servicers
- Wrongful Foreclosure Attorney, Carlin J. Phillips, Explains Illegal Lockouts to AOL Reporter
- Wrongful Lockouts and Trashouts - Homeowners Seem to Have Fewer Rights Than Tenants
- Detroit Free Press Reports on Wrongful Foreclosures and Lock-Outs
News
- Posted on 7/13/2010Texas Lawsuit Alleges Wrongful Foreclosures by Bank of America
- Posted on 7/8/2010Michigan Homeowners Get Possible Relief from Foreclosure
- Posted on 6/30/2010Bank of America Wrongfully Forecloses on Naples Florida Home
- Posted on 6/29/2010Nevada Woman Loses Everything in Wrongful Foreclosure Lockout
- Posted on 6/9/2010Bank of America Agrees to Pay $108 million to 200,000 Homeowners
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Wrongful Bank Foreclosure
Phillips & Garcia Tracking National Chatter on Wrongful Foreclosures and Seizures
At last count, we had learned about wrongful foreclosures and seizures taking place in seven different states -- Massachusetts, Florida, Louisiana, Texas, Kentucky, Michigan and Oregon. We know of two incidents in Massachusetts and at least three in Florida.
There are some common factual themes that are developing. In many cases, the owner has been away from the home or condo for several days when the bank sends one of its "property preservation" specialists to check on the property to see if it is abandoned. If it looks like the property is abandoned, the bank breaks in, changes the locks and winterizes the home. There appears to be little concern about such legal technicalities as breaking and entering and trespass.
Banks have broken into homeowner's homes and condos when there is no loan, the house was recently sold to the new owner in a cash short sale, when the borrower was up to date on their mortgage and when the borrower was up to date on a valid loan modification agreement.
Another common factual theme we are seeing involves the bank's failure to have adequate internal communications between departments to stop the foreclosure freight train once it leaves the station. The banks also lack adequate external communications to timely and properly notify their foreclosure attorneys and "trash out" teams that the bank has made a mistake.
Until we see some drastic changes in the communication systems used at banks, wrongful foreclosures and home seizures will continue. With 7.3 million Americans behind on their mortgage payments, there appears to be no end in site to wrongful bank foreclosures. The states with the biggest potential problems with wrongful foreclosures will, in all likelihood, be the states with the most delinquent loans. Those states are reported to be Florida, Nevada, Arizona, Georgia, Mississippi, California, Indiana, Michigan, Illinois and Ohio.
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Phillips & Garcia, P.C.
13 Ventura Drive
North Dartmouth, MA 02747
Toll Free: (877) 892-5620
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Bank Of America
P.O. Box 961206
Fort Worth, TX 76161-0206
RECON TRUST
2380 Performance Drive, Richardson, TX 75082 Mail Stop: RGV-C4-450
The Bank of New York
One Wall Street New York, NY 10286 Phone: +1 212 495 1784
Countrywide Home Loans P.O. Box 5170 Simi Valley, CA 93062-5170
LANDSAFE TITLE
6400 Legacy Dr.,
Plano, TX 75024-3609, United States (877)572-5673
Cpc Realty, LLC
2401 21st Ave S Ste 200
Nashville, TN 37212
Account no: Bank of America 100*************
In the NewsPaper: TS 10-**********
All of the Mortgage Addresses above has giving me the run around to take my dream home.
As an adoptive parent of four babies in Mississippi, we are facing Countrywide, Bank of America foreclosure. One of the downfalls includes Hurricane Katrina. My community is in shock after seeing the sell date in the paper. So, am I. My home was bought at $16,000. It is paid for. I consolidated and now it is approximately $90,000 billed. The consolidation was loans to try and make home improvements. I have not had a new vehicle in over eight years. Now rusty rims and other objects hold down the roof. When the Notary closer came to my home, she said sign here, here, and here for about one hundred times. The appraisal was before the bricks, dishwasher, molding, and more in completion that is still unfinished. I have been told half of the house sits on my land and half sits on someone else. They say the front door of the house is turned the wrong way. The roof is and gable is off in measurements. An agency approached me because they wanted it for the highway right of way. The title does not even state my name right. Sure, it has termites, unleveled walls, floors, windows, doors, and floors but it is a blueprint that took tireless hours and sacrifices. We had shady contractors who did rip us off. After, Katrina, forbearance was promised and modifications, I was told don’’t send money in.
Thank you for getting in touch with us.
Due to heavy interest in our home loan assistance programs, we are receiving a large volume of calls. A specialist will contact you within 3-5 days. Thank you for your patience. If you have questions, please call 1.800.720.3758.
I was told to wait approval from investors is going to take some time. I have had an advocate since November 2009. Bank of America said that modification was been approved, yet, I receive a foreclosure notice. I was told that date would be postponed and then it appears in the paper anyway. I am so tired of empty promises from Countrywide and Bank Of America. I am dealing with Sexual Harassment from the Census, Misconduct from the Wayne County school system and much more. Are people trying to make insane?
Mortgage promises has failed and job hunting has failed, President Obama please do not fail us. Please direct us, refer us to immediate help July 15,2010. please.
These are some of the Government enforced programs, I ve found. I have heard of all of these programs and settlements, how does it apply to my four children having a roof over their heads.
Land Safe
FTC Settlement with Countrywide
Countrywide
The Concus Group
CWABS
Country Wide Settlement
National Homeownership Retention Program
Existing Commitments
Home Retention Programs
Affordability Equation
Foreclosure Relief
Program Overview
This home retention program underscores Bank of America’’’’s commitment to provide our customers the resources and necessary help to sustain homeownership.
Formalization of Existing Commitments
We no longer offer “subprime,” “high cost” or “negative amortization” mortgages and have significantly
Home Retention Programs
We will waive prepayment penalties in connection with any payoff or refinance on certain qualifying subprime and Pay Option ARM loans owned by Bank of America or Countrywide.
Loan Modification Program Details
Subprime 2-, 3-, 5-, 7- and 10-Year Hybrid ARM
Foreclosure Relief Program
borrowers who become seriously delinquent We will offer eligible borrowers an FHA refinance under the HOPE for Homeowners Program to the extent available, as well as these additional program options based on product type:
I was told to wait approval from investors is going to take some time. I have had an advocate since November 2009. Bank of America said that modification was been approved, yet, I receive a foreclosure notice. I was told that date would be postponed and then it appears in the paper anyway. These are some of the Government enforced programs, I ve found. How Mortgage promises has failed, job hunting has failed, President Obama please do not fail us. Please direct us refer us to immediate help please.
yar41@juno.com