fbpx

Mass Joinder Receiver Report States What They Found During Raid

The court appointed receiver of the law offices and companies that were raided and seized in the recent mass joinder actions in California has shown that the very issues were were all concerned about, appear to have been true. Marketers for lawyers selling access to mass joinder and tort litigation created such a network of …

Read more

I’ve Got Three Kids, Falling Behind, Unemployed and Have a Lot of Debt. – Kevin

“Dear Lewis, Here’s my situation. My name is Kevin, I am married with 3 kids. My story began when my wife and I tried to restructure our finances by applying for Obama’s mortgage modification program. The irony is we didn’t need to, but we were told that we qualified and figured, if we could save …

Read more

AVID Law Center Puts New Wrinkle in Mass Joinder Compensation

A tipster (send in your tips here) has just forwarded a copy of the AVID Law Center pre-litigation retainer agreement in which it introduces a new money making effort to charge consumers participating in the mass joinder efforts against lenders. in this case while the AVID Law Center mailers look like the other mass joinder …

Read more

We Tried to Sell Our House With a Short Sale But It Never Sold. Should We Let it Go to Foreclosure? – JoAnn

“Dear Andy, We have been in a bad mortgage for 7 years now where you only pay part of the interest and the rest gets tacked onto the principal well, we took the loan out for 347,000 but now owe 460,000. which the house isn’t even worth. For 4 years now we have been trying …

Read more

We’ve Been Fighting with Bank of America for a Loan Modification. Do We Need to Hire a Loan Modification Company. – Mike

“Dear Andy, Really to long to type here. Been in a battle to keep our home for the last 16 months against Bank of American. Last month won a court dismissal for the foreclosure and am now trying to get the loan modification. Was denied for the hemp due to being told they didn’t receive …

Read more

I’m Underwater With My Mortgage. Household Refuses to Help Me Modify My Loan. What Do I Do? – Robert

“Dear Andy, Underwater Mortgage Household Finance (Beneficial) conventional mortgage taken out four years ago with current balance of $114,000.00 with a value $72,000.00 Household refuse to modify, refinance or reduce interest rate. Current FICO 690 anticipate higher after paying down two credit cards. No late payments, bankruptcy or collection. Interest rate 9.5% has not been …

Read more

Bank of America Won’t Talk to Us About Our Loan Modification. – Barbara

“Dear Steve, I have written to you before and you were most helpful. Thanks I got married 2 yrs ago and one or both of us has been unemployed for most of that time. Our home is in my husband’s name as he bought it back from his x-wife three years ago. My husband is …

Read more

An Undercover Investigation of Mortgage Loan Modification Scams

The National Fair Housing Alliance has issued a recent report looking into mortgage modification scams. The report identified some of the practices I’ve written about extensively on GetOutOfDebt.org and they do a great job of presenting examples of what they found. From April, 2010, until March, 2011, the project identified more than 150 companies suspected …

Read more

Stories of Homeowners and Loan Modifications: Where Are They Now

by Karen Weise, ProPublica ProPublica has been covering the government’s foreclosure relief effort [1] since the Obama administration launched the program in the spring of 2009. This week, ProPublica is checking back with some of the homeowners we’ve profiled over the past year. Some homeowners received modifications that prevented foreclosure, some are still in limbo …

Read more

Modify Utah Shutters Doors. Leaves Consumers Stranded.

Thanks to a tipster (send in your tips here) I found out about a loan modification company in Utah called Modify Utah. The company apparently closed up without advance notice to consumers that had paid for services. The Desert News is reporting: According to a letter from the firm’s attorney, Paxton Guymon, Modify Utah ceased …

Read more