OCWEN/US Bank fined $3 million for reprehensible conduct for attempted wrongful foreclosure

Jury punishes OCWEN/U.S. Bank National for atrocious record-keeping (this is not the first time OCWEN has been exposed for intentional malice) Ms. Saccameno filed a chapter 13 bankruptcy to save her home.  She followed the chapter 13 plan and brought the mortgage current, ultimately receiving her hard-earned discharge.  Life should have been great, but OCWEN/U.S. […]

Mortgage Law Group to pay $59 million-scammed consumers

$59 million dollar judgment for deliberately scheming to evade the law and cause harm to their clients According to an article in news.bloomberglaw.com, 11/6/19, Consumer Financial Protection Bureau “CFPB” won a $59 Million dollar judgment (restitution and civil penalties) against The Mortgage Law Group, LLP, Consumer First Legal Group, LLC, Thomas G. Macey, Jeffery J. […]

Seniors – A Guide to Getting Help with Debt

Debt isn’t fun at any age, but it can be especially scary for senior citizens. Seniors normally don’t have regular paychecks coming in, and the bulk of their income may comprise of Social Security checks. They’re often dealing with life changes such as retirement or medical issues. All of the sudden, they have less money […]

Senior’s with Reverse Mortgages Threatened by Ditech Plan

July 23, 2019 – According to an article in the New York Banker: Bank of America, which took heat for how it treated customers in the mortgage crisis a decade ago, has emerged as a champion of elderly borrowers in Ditech’s second trip through bankruptcy.

Reverse Mortgages – Why Seniors Lose Their Home

Urban African American neighborhoods are hardest hit as nearly 100,000 loans have failed. 6/2019 By Nick Penzenstadler and Jeff Kelly Lowenstein, read extensive report – article from USA TODAY Reverse mortgages – thousands of seniors, who worked their entire life to own a home, are finding their homes foreclosed for several reasons.  The problem is […]

Arizona Trustee Sales, Foreclosures and Short Sales

WARNING TO THE WISE: Never do a short sale, deed in lieu of foreclosure, allow a trustee’s sale, or a foreclosure to go forward without first obtaining both legal and tax advice. You cannot undo serious mistakes once the process is completed.

Tenants Facing Foreclosure Protected by New Federal Law

On May 24, 2018 a permanent extension of the “Protecting Tenants at Foreclosure Act” (PTFA) was signed into federal law.  The PTFA enables renters whose homes were in foreclosure to remain in their homes for at least 90 days or for the term of their lease, whichever is greater.

Will I Lose My Home If I File Bankruptcy?

Over the last 30+ years of helping people file for bankruptcy protection the most concern by homeowners is if they will lose their home.  My answer – “it depends”.  Do you want to keep your home?  If so, then make sure to pay the mortgage and homeowners’ dues.  If the answer is ‘no’ then stop […]

Very Pissed Off Judge Slams Bank of America

In re Sundquist v. Bank of America, Case No. 10-35624 (Bankruptcy court, E.D. CA. 1/18/18) Bank of America, with a gun to the Sundquists’ heads… This motion to dismiss began as a hostage standoff. Bank of America, with a gun to the Sundquists’ heads, said it would pay them several million dollars more than the […]

Buying at a Foreclosure May Become a Disaster

Reprint from Lexology, by Richard Crouch: Vandeventer Black LLP    USA February 14 2018 Looming maturity dates (for which borrowers are not prepared to pay the remaining balance) or other monetary defaults of numerous commercial mortgages may present many opportunities for purchasing property on a discounted basis. With proper precautions and investigation, what appears to […]