Archive for category Foreclosure Defense
Breaking News: Lloyds Bails on Allied Home Mortgage
Posted by admin in Foreclosure Defense, Fraud Recovery on May 16, 2012
by Brian Mahany
By now, most of our readers and many in the mortgage industry know that we have the largest federal false claims action in the U.S., HUD’s $2.4 billion case against Allied Home Mortgage and CEO Jim Hodge. We have proudly represented former Allied employees who didn’t get paid and the American taxpayers who [...]
Is Scott Anderson In The House?
Posted by admin in Foreclosure Defense, Fraud Recovery, Legal Malpractice on May 16, 2012
by Brian Mahany
For those wondering who Scott Anderson is, join the club. We have been asking that question too. He has “signed” hundreds of mortgage documents (if not tens of thousands) as a Vice President of MERS, the infamous Mortgage Electronic Registrations Systems, Inc. Several people, potential clients and readers of this blog have documents [...]
Show Down In Florida - Homeowners vs Bank Of New York
Posted by admin in Foreclosure Defense, Fraud Recovery on May 14, 2012
by Brian Mahany
Forged mortgage documents are nothing new. Even making that statement pains me greatly. Once upon a time, no one would dream of a bank, mortgage lender or lawyer routinely forging documents. Today, its common place. A case pending before the Florida Supreme Court is set to determine if a bank that gets caught [...]
Court Refuses To Dismiss Government’s Fraud Case Against UBS
Posted by admin in Foreclosure Defense, Fraud Recovery on May 10, 2012
by Brian Mahany
Most of our readers know that we sue banks and mortgage lenders on behalf of homeowners victimized by predatory foreclosure practices. Lately, we have been gathering information against Wells Fargo, Bank of America, Bank of New York and others after hearing horror stories of robo-signing, forged documents and even foreclosing against a couple [...]
Forged Mortgage Documents - Where Were The Notaries?
Posted by admin in Foreclosure Defense, Fraud Recovery on May 7, 2012
by Brian Mahany
In order to foreclose on a home, a bank must prove that the homeowner has defaulted on the loan and that the bank owns the mortgage. Because mortgages today are routinely sold to investors, banks usually hold an assignment of the mortgage showing they are the rightful owner. As we learned in the [...]
Foreclosure Victims Taking It To The Streets!
Posted by admin in Foreclosure Defense, Fraud Recovery on May 1, 2012
by Brian Mahany
More and more homeowners are securing victories within the court system. Unfortunately, only a tiny fraction of struggling borrowers can afford competent legal counsel. Many homeowners are behind on their payments because of illness, disability or lack of employment. Obviously if they had funds they could pay their mortgage and wouldn’t need a [...]
TD Bank Accused Of Fraud (Again)
Posted by admin in Foreclosure Defense, Fraud Recovery on April 30, 2012
by Brian Mahany
Big banks have not been getting good press these days and this post is no exception. Earlier this year, TD Bank suffered a startling setback when it was found to have “aided and abetted” fraud. A civil jury then sanctioned the bank with a $67 million dollar judgment. Do you think they learned [...]
California Dems Kill Mortgage Reform Bill
Posted by admin in Foreclosure Defense, Fraud Recovery on April 23, 2012
by Brian Mahany
Democrats in the California Assembly’s Banking and Finance Committee derailed two important pro-homeowner bills aimed at curbing foreclosure abuse. In a surprise move, the democratic legislators sided with the pro business Chamber of Commerce moments before Attorney General Kamala Harris was to testify in support of the measures.
Democrats siding with the Chamber is [...]
New Hope For Struggling Homeowners!
Posted by admin in Foreclosure Defense, Fraud Recovery on April 20, 2012
by Brian Mahany
We have been saying for several months that the tide is beginning to turn against big banks and mortgage lenders. Many courts are beginning to get fed up with the abusive practices of lenders. Recently several state supreme courts have been weighing in on a wide variety issues including missing paperwork, forged affidavits, [...]
HUD Challenges Marketing Services Agreements
Posted by admin in Foreclosure Defense, Fraud Recovery on April 19, 2012
by Brian Mahany
Because we represent homeowners, mortgage company employees and sometimes the interests of taxpayers (federal false claims act cases), we see new frauds and shady deals in the lending industry just about everyday. Some, like forged documents and phony appraisals, are pretty obvious. Others such as sham “marketing services agreements” are tougher to spot.
To [...]
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