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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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Two Lawsuits Filed Against Deceitful Mortgage Lenders
Posted on Mar 10, 2010
March 10, 2010 - Boston, Mass. - Two lawsuits dealing with wrongful bank foreclosure by Wells Fargo and Bank of America in Massachusetts illustrate the widespread problem of unfair foreclosures in the state.
The Charlotte Observer reports that several families that used these banks for trial modifications in an attempt to save their homes were met with resistance and unjust treatment by their lenders.
Because the trial modifications were working to prevent foreclosure for the affected families, they ultimately sought permanent modifications to their loans. Despite the fact that they filled out all the required paperwork and made their payments on time for at least 3 months, the banks have not yet granted the permanent changes to these loans.
This 3-month-trial-period is granted by the Home Affordable Modification Plan (HAMP), but some banks and lenders have been misleading homeowners about this aspect of the process. In these cases, the lender may never make the changes permanent, or will even foreclose on families who have made the lower payments on-time for 3 months.
These cases illustrate that while some homeowners are doing everything they can to save their homes, there are banks that never intend to make their loan changes permanent. This leaves homeowners paying the mortgage on a home that they will not be able to keep, after all.
The Massachusetts wrongful bank foreclosure attorneys at Phillips & Garcia will fight for your rights in your bank foreclosure class action 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.
Legal Help for Wrongful Foreclosure and Seizure in Any State. Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home. We are licensed in Massachusetts and associate with a qualified attorney in your state.
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