by Brian Mahany Despite the turning tide, big banks continue to win many court battles. Individual homeowners just can’t afford to take on the banking giants and their Park Avenue lawyers. Now and then, however, homeowners win. And some times they win big. Every victory empowers more and more homeowners to come forward. Last week’s […]
Mortgage Task Force: "We'll Take Action Soon"
by Brian Mahany Every day we are contacted by at least 2 homeowners struggling to keep their home. Although we are not mortgage foreclosure defense lawyers, we do sue banks and bankers for fraud, foreclosure abuses and wrongful HAMP denials. Business is booming, unfortunately. The so-called mortgage crisis began when the housing market melted down […]
Bank of America Mistreats The Disabled – A True Story of One Mans Struggle Against America’s Biggest Bank
by Brian Mahany On Friday I was chatting with one of our good friends, Marx Sterbcow of Sterbcow Law* in New Orleans. We often pursue the same type cases and invariably, we can’t discuss the outcomes. Why? Because Bank of America and other big lenders don’t want to air their dirty laundry. Unless a case […]
Federal Appeals Court Rules In Favor Of Homeowner In Sub Prime Case
by Brian Mahany We keep saying that courts are finally beginning to wake up and realize that not all lenders and loan servicers were created equally. Recently a federal trial court in Ohio tossed claims against Bank of America and its progeny, Countrywide Home Loans. A husband and wife homeowner sued the lenders for fraud […]
Accounting Firms Chosen To Monitor National Mortgage Settlement
by Brian Mahany Joseph Smith is a powerful guy. He is the monitor of the $25 billion national mortgage settlement hammered out by 49 states, the federal government and several large lenders including our perennial “favorites”, Bank of America, Wells Fargo, Citi and Chase. As part of the settlement, several major lenders promised to clean […]
Common Mistakes Made by Homeowners Seeking HAMP Modification
by Brian Mahany Almost every day we are contacted by a potential client who was denied a HAMP mortgage modification. For those unfamiliar with HAMP, the program’s formal name is the Home Affordable Modification Program. The program was part of the stimulus bill in 2008. When Congress gave billions to Wall Street and big banks […]
Can I Sue For Denial Of HAMP Loan Modification?
by Brian Mahany “Can I sue for denial of a HAMP loan modification” is a question we frequently hear. Some lenders (Bank of America, Citi, Wells Fargo) seem to run borrowers through the ringer only to ultimately deny them a mortgage modification. That’s a shame since Congress authorized the Home Affordable Modification Program as part […]
Former Bank of America Executive Indicted For Fraud
by Brian Mahany Anyone reading this blog knows our opinion on big banks. Chase, Wells Fargo, BONY and especially Bank of America have become “to big to care” in our opinion. Treasury officials may say they are to big to fail but we think that they have outlived their usefulness. Although these banks still do […]
The Secret Life Of A Whistleblower
Whistleblowers are true heroes – their actions save taxpayers billions of dollars each year, help struggling homeowners and sometimes even save lives. The road can be a bit lonely however. This post looks at the story of Kyle Lagow, a former real estate appraiser with Countrywide Financial (now Bank of America). Lagow was recently awarded […]
A Message Of Hope From The Proverbial Cockroach (Repost)
[2021 Ed. note: This post is printed from Global Wealth Protection LLC. GWP is a provider of offshore asset protection. If you enjoyed reading this post, consider subscribing to their newsletter or attending their program Global Escape Hatch beginning on September 19th in Panama. Details are on their website. I reprinted this piece because of […]