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FRAUDULENT LOAN DOCUMENTS CONTINUE TO SURFACE IN CONNECTION WITH FORECLOSURES; “LENDER” ARROGANCE MOVES INTO THE COURTS

January 29, 2009

Recently, FDN has been deluged with a rash of cases where the borrowers were not provided with copies of their executed loan documents following closing and which they were provided with only after repeated demand and after a foreclosure issue arose. A disturbing pattern of conduct is emerging in these cases involving what appears to [...]

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11TH HOUR EVICTION WRONGFULLY OBTAINED BY LENDER STOPPED BY FDN ATTORNEY’S EMERGENCY ACTIONS

January 29, 2009

FDN attorney Jeff Barnes, Esq. has just been successful, with the assistance of local counsel, in halting, at 1:58 p.m. today (January 29, 2009), an eviction order in Washington State which would have, as of 6:00 p.m. this evening, caused four tenants to be literally thrown out into the cold and the street as a [...]

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Mortgage Meltdown: City Of Baltimore, Wells Fargo Slug It Out As Lender Seeks Dismissal Of Reverse Redlining (Discrimination) Lawsuit

January 29, 2009

In Baltimore, Maryland, The Maryland Daily Record reports:

Attorneys for the city of Baltimore and Wells Fargo traded arguments in federal court about the viability of the city’s first-of-its-kind “reverse-redlining” lawsuit against the nation’s biggest consumer bank. The San Francisco-based bank has asked the judge to dismiss the case, in which the city claimed Wells Fargo [...]

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Foreclosure Relief: Countrywide To Temporarily Freeze All Pennsylvania Foreclosures As Part Of $150M Suit Settlement With State AG

January 29, 2009

Reuters reports:

Countrywide Financial Corp has agreed to provide an estimated $150 million in mortgage relief and cash assistance for Pennsylvania homeowners to settle a state lawsuit over its lending practices, officials said on Wednesday.

Countrywide, once the nation’s largest mortgage lender and now part of Bank of America Corp, also agreed to freeze foreclosure proceedings until [...]

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Foreclosure Prevention: Foreclosure Mediation Now Available In All 88 Ohio Counties

January 29, 2009

In Columbus, Ohio, WTTE-TV Channel 28 reports:

The Ohio Supreme Court says a foreclosure mediation program it launched less than a year ago is now available in all 88 counties. The high court provides step-by-step instructions to common pleas courts around the state to try to reach solutions in foreclosure cases. The local courts gather information [...]

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Foreclosure Offense: Foreclosing Lender Claims Mortgage Is Nine Years In Arrears; 68-Year Old Homeowner Says “Prove It!” As Bank Admits It Can’t Find The Promissory Note

January 29, 2009

In Decatur, Georgia, The Atlanta Journal Constitution reports:

[C]itigroup and Wells Fargo say [68-year old Zella Mae] Green has failed miserably as a homeowner and is nine years behind on her payments. And they want to take the house. “Nine years? There ain’t no way,” Green said. “Ain’t no way you can stay someplace for nine [...]

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Court Order For Following Post

January 19, 2009

United States Bankruptcy Court District of Massachusetts
In re: ) )
JACALYN S. NOSEK, ) Chapter 13  DEBTOR. ) Case No. 02-46025 -JBR
____________________________________) )
JACALYN S. NOSEK, ) Adversary Proceeding PLAINTIFF, ) No. 04-4517 and
) No. 07-4109 v. ) AMERIQUEST MORTGAGE COMPANY, ) et al. )
DEFENDANTS )                                                                         )
MEMORANDUM OF DECISION REGARDING ORDER TO SHOW CAUSE
This matter came [...]

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Mortgage Defense and Offense: Bankruptcy Judge Whacks “Assembly Line” Attorneys For $150K In Sanctions For Misrepresenting Ownership Of Promissory Note In Mortgage Foreclosure

January 19, 2009

The Wall Street Journal Law Blog reports:

On Friday, two law firms — Buchalter Nemer and Ablitt & Charlton, along with name partner Robert Charlton — got whacked with a combined $150,000 in sanctions. In a decision regarding an order to show cause in the case, called Nosek v. Ameriquest, bankruptcy judge Joel Rosenthal found that, [...]

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Foreclosure Defense: Countrywide Faces Civil RICO, RESPA Charges In Washington Class Action Suit; Accused Of Using Do-Nothing Subsidiary To Inflate, Pocket Appraisal Fees

January 19, 2009

In Seattle, Washington, the law firm Hagens Berman Sobol Shapiro LLP announced last week:

A group of Washington homeowners this week filed a lawsuit against Countrywide, a wholly owned subsidiary of Bank of America (NYSE: BAC) and the nation’s largest mortgage company, claiming the mortgage giant illegally rigged the appraisal process in a scheme to boost [...]

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Foreclosure Offense: HUD Launches Program In Six Cities To Help Homeowners Not Yet In Foreclosure

January 19, 2009

In Miami, Florida, The Miami Herald reports:

[A]nother effort to keep borrowers from losing their homes to foreclosure was launched Wednesday by the Department of Housing and Urban Development. Called ”Keep Your Home, Know Your Loan,” the campaign includes public service announcements and print materials that will be distributed in six major metropolitan areas where home [...]

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