by Brian Mahany
Some call it a national embarrassment. We call it a crime. Wrongful Foreclosure. It’s happened to millions of Americans and it still happening today.
The Comptroller of Currency and the Federal Reserve say that as many as 4 million people were wrongfully foreclosed between 2009 and 2010. Some were promised a HAMP modification but lost their homes anyway, even though they made all their trial payments. Others faced foreclosure simply because the bank misdirected or lost their payment.
The banks have agreed to compensate folks who already lost their homes. Some will get a pitiful $300 in compensation. No home, credit destroyed and no ability to purchase a new home. Wrongful foreclosures have destroyed communities and families. Some folks wound up homeless. A few committed suicide. What will a few hundred or few thousand dollars do for them?
It’s impossible to dispense legal advice by blog post. Every case is unique. As a general rule, however, we believe homeowners facing wrongful foreclosure should fight back and not take a few bucks in compensation. We have recovered significant sums for homeowners, settlements that the banks want to keep quiet.
The entire independent foreclosure review process has been a disaster. Even the General Accounting Office has said so.
While almost all banks make mistakes from time to time, we believe it is America’s biggest banks that are the primary culprits. Time and time againAmerica’s “too big to fail, too big to care” banks such as Bank of America, Chase, Citi and Wells Fargo have been criticized and sued by regulators. Yet the abuses continue.
With the permission of some of our clients, we will be telling their stories in future posts. Telling their stories about wrongful foreclosures before the case is resolved and a gag order imposed.
We are looking for your foreclosure fraud and wrongful foreclosure stories too. Wherever you live, if you have a story to share, send it to us. We can even keep your name anonymous if you wish.
And if you are ready to fight back, let us know too. Mahany & Ertl is not a traditional mortgage foreclosure defense firm. We believe the best defense is a good offense. If you made your payments but were still subjected to a foreclosure, let us know. We sue banks for wrongful foreclosure.
For more information, please contact attorney Brian Mahany at (Wisconsin cases) and attorney Anthony Dietz at (Michigan cases). Facing a wrongful foreclosure in another state? We may be able to help in select other jurisdictions.
Please note that if you are facing the imminent loss of your home, contact a mortgage foreclosure or bankruptcy lawyer in your area immediately. We sue banks for money and compensation and can’t take foreclosure cases with impending eviction or hearing dates.
Mahany & Ertl – America’s Wrongful Foreclosure Lawyers. Offices in Milwaukee, Wisconsin; Detroit, Michigan; Portland, Maine; Minneapolis, Minnesota and San Francisco, California. Foreclosure fraud cases in select jurisdictions nationwide.
Need more information? Our Due Diligence blog has a search engine located in the upper right hand corner. For more information, just click the “foreclosure defense” tab or type in key words in the search bar. We have many informative articles on our site.