Archive

Posts Tagged ‘Improper Foreclosure’

We are Experiencing High Call Volumes

July 5, 2012 1 comment

Due to the segment that was aired on Nightline July 4. 2012 we are experiencing high call volumes and an overwhelming number of emails from homeowners asking for our assistance.

If you are trying to contact us please be sure to let us know if you have a sale date on your home by including that in your phone message or typing it into the subject line of your email.

Please be patient. We will do our best to get in touch with everyone who has contact us.

Tell Jamie Dimon of JP Morgan Chase Bank to Rescind Gigi Bridges Improper Foreclosure

May 30, 2012 1 comment

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After losing her job, Gigi Bridges applied for a mortgage modification with Chase Bank. Gigi entered into a trial modification and paid her payments for 12 months. On the 13th month her check was returned to her. Chase sent her a permanent modification with a payment that was doubled. Gigi pointed out to Chase that they made a mistake on her financial documents by miscalculating her income and giving her an unaffordable payment. Chase’s answer was foreclosure.

On March 6, 2012 Gigi’s home was sold at auction and now Chase is trying to evict her even though she has proven time and again that her income was calculated wrong. Gigi’s home should never have been sold at auction. But CEO Jamie Dimon has been quoted as saying “Giving debt relief to people that really need it, that’s what foreclosure is.”

Please sign this petition and send a message to Chase Bank – the only fair thing to do is stop the eviction and rescind Gigi Bridges’ foreclosure!

Exorbitant Insurance Policies Tipping Homeowners Into Foreclosure

May 8, 2012 2 comments

 

Now it turns out some lenders haven’t merely been unhelpful; their actions have pushed some borrowers over the foreclosure cliff. Lenders have been imposing exorbitant insurance policies on homeowners whose regular coverage lapses or is deemed insufficient. The policies, standard homeowner’s insurance or extra coverage for wind damage, say, for Florida residents, typically cost five to 10 times what owners were previously paying, tipping many into foreclosure.

The situation has caught the attention of state regulators and the Consumer Financial Protection Bureau, which is considering rules to help homeowners avoid unwarranted “force- placed insurance.” The U.S. ought to go further and limit commissions, fine any company that knowingly overcharges a homeowner and require banks to seek competitive bids for force- placed insurance policies. Because insurance is not regulated at the federal level, states also need to play a stronger role in bringing down rates.

 

Read the Entire Article: Exorbitant Insurance Policies Tipping Homeowners Into Foreclosure.

Susan Leonard’s Improper Foreclosure Rescinded by Bank of America

May 1, 2012 1 comment

We are happy to report that Susan Leonard’s improper foreclosure has been rescinded by Bank of America. Thanks to all who supported Susan by signing our Change.org petition and thanks to Bank of America for doing the right thing.