February 25, 2010
February 25, 2010
One of the patterns which is emerging in foreclosure cases is what appears to have been a deliberate “set up” of the borrower to fail as an Option ARM loan “bump” kicks in, with the borrower only being qualified to pay the loan at the initial or “teaser” rate and not the life [...]
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February 24, 2010
February 24, 2010
We have previously advised of the arrogance of IndyMac Bank, who continued to take action to sell a borrower’s home notwithstanding the issuance of a Preliminary Injunction prohibiting such activities by IndyMac and any agent thereof. Despite the issuance of the Injunction, IndyMac had persons enter onto the borrower’s property and place “For [...]
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February 24, 2010
February 24, 2010
It is now official that foreclosure, and not loan restructuring or assisting a borrower, has become a wildly profitable business. FDN has been advised that a borrower recently contacted its “lender” with a request to restructure the loan even though the borrower is current on payments and not in default, but as the [...]
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February 22, 2010
February 22, 2010
As those of you who follow this website are aware, FDN attorneys Jeff Barnes, Esq. and Michael Jacobson, Esq. are extremely active in defending foreclosure cases in the State of New Jersey. Mr. Barnes is also assisted by attorneys Jeffrey L. Gold, Esq. and Kenneth C. Marano, Esq. as to cases in Northern [...]
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February 17, 2010
February 17, 2010
At approximately 8:00 a.m. PDT today, an Oregon court entered a Temporary Restraining Order stopping the sale of a home in Oregon based upon the court filings of FDN attorney Jeff Barnes, Esq. through local Oregon counsel Lesley Haskell, Esq. This is the third foreclosure sale which FDN has stopped in the state of Oregon [...]
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February 17, 2010
February 17, 2010
Bank of America wrongfully seized the home of an unemployed construction worker and his disabled wife through foreclosure, changing the locks and removing personal belongings, although the house had been paid for in cash and there was thus no mortgage with Bank of America or anyone else. The couple resides in Massachusetts and rented [...]
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February 12, 2010
February 12, 2010
FDN attorneys have essentially set a new record for stopping a foreclosure sale on short notice, with a Temporary Restraining Order being entered by the Court literally 33 minutes before the sale. This is the second Trustee’s Sale which FDN attorneys have stopped in Idaho since January 21, 2010.
The borrower retained FDN attorneys Jeff [...]
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February 9, 2010
February 9, 2010
As many of you know, foreclosures differ in procedure from state to state, with certain states being “judicial” and others being “non-judicial”. Another distinction is whether a state is a “deficiency” state or not. A “deficiency” is the amount of money remaining after subtracting the amount which the foreclosing party receives from a short sale from the amount [...]
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February 9, 2010
February 9, 2010
On February 5, 2010, we advised of our victory in Crook County, Oregon in having a Temporary Restraining Order entered stopping the sale of a borrower’s home. Yesterday, the Court converted the TRO to a Preliminary Injunction stopping any foreclosure through the duration of the borrower’s lawsuit against Bank of America Home Loans, [...]
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February 6, 2010
February 6, 2010
For almost a year, FDN has been literally deluged with offers from numerous companies and individuals to enter into agreements to conduct seminars and webinars. After much discussion with several of these companies, FDN’s principal Jeff Barnes, Esq. has made the decision to contract with a group of professionals based in west Florida who have [...]
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