The Secret of Happiness is Freedom. The Secret of Freedom is Courage Thucydides
(Ancient Greek historians and author, 460-404 bc)
Since late 2006 374 major U.S. lending operations have "imploded"
U.S. probes default surges at 15 FHA lenders Federal housing officials Tuesday served subpoenas on 15 mortgage companies that have suspiciously high default rates for loans backed by the Federal Housing Administration.ALAN ZIBEL AP News Jan 12, 2010 15:34 EST
Top Mortgage Lender Suspended For Fraud: Taylor Bean, FHAs third-largest lender is suspended citing possible fraud.
WHEN THE BANKS BREAK THE LAW, THEY OWE YOU MONEY!!!
Texas jury rules against Ocwen for $11.5 million
A jury in Galveston, Texas, has awarded $11.5 million to a customer of Ocwen Financial Corp. and its former Ocwen Federal Bank subsidiary, after determining they committed fraud in servicing her home equity loan.
The verdict against West Palm Beach-based Ocwen Financial (NYSE: OCN) and Ocwen Federal was issued Tuesday in Texas's 212th District Court. The jury ordered the Ocwen companies to pay Sealy Davis $10 million in actual damages and about $1.5 million for mental anguish and economic damages.
$3.4 Million Dollar Jury Verdict In Las Vegas For Wrongful Foreclosure
A Las Vegas Jury recently awarded a family $3.4 million in a wrongful foreclosure case. As you can guess, this wasnt your everyday foreclosure. It kind of reminds you of the McDonalds hot coffee case. After testimony, the Jury found that Countrywide Home Loans, Inc. wrongfully foreclosed on the Plaintiffs condo and awarded the Plaintiff $922,690 in compensatory damages and $2.5 million dollars in punitive damages. Jury gives woman $1.25M in lawsuit over mortgage (http://www.bizjournals.com)
A Baltimore native who defaulted on a subprime loan has been awarded $1.25 million in damages from her lender, Wells Fargo Bank N.A. The case may lead to similar lawsuits nationwide, and also may help Baltimore City's suit against the bank, claiming it targeted minority neighborhoods with subprime loans, legal and banking experts say.
Kimberly L. Thomas was awarded $250,000 in damages and $1 million in punitive damages in Montgomery County Circuit Court July 31.2009
JUDGE canceled, voided, avoided, nullified, set aside and is of no further force and effect a $295,000. MORTGAGE
***TAX RETURN SEASON IS UPON US. USE THIS OPPORTUNITY TO FIGHT BACK***
1. We are solely dedicated to the Protection of the Individual Consumer in regards to their every day Contractual Business Ventures.
2. EFDS serves as the primary point of contact between the customers and our net-work of the Best Professionals in the Business that may be involved in a number of ways with an individual clients account.
3. Our account manager provides customer support, technical support, planning and optimization for the account, as well as developing a close personal relationship with the customer in dealing with the current mortgage crisis.
4. We have account managers who are at the crossroads of today's competitive battlefield. As the primary point of customer contact for individuals in our net-work our only job is working directly with you as your account manager. Dealing with the complexities of the financial crises involving mortgages is overwhelming for many home owners and going down this road alone is quit frightening to say the least.
5. Where do you start? Who do you talk to? Do the individuals that are involved with my mortgage know what they are doing? What are my options? These questions can be answered by one of our competent account manager.
6. The account manager assigned to you is dedicated to making this experience as painless as possible.
Among other responsibilities, your account manager will:
Help you define your goals regarding your case. (What are your options and what are you looking to accomplish?)
Answer all your questions. (You will have lots of them!)
Make sure the process runs smoothly (You dont have to communicate with the vast majority of the people involved with your case, you speak to just one.)
Help you move onto the next step (Whatever that next step is!)
Our Account Managers are not attorneys and will not offer legal advice. We work as your coach so to speak guiding you in the right direction.
7. Our account managers monitor all stages of your case and intervene as necessary to smooth the path, whether it is making sure the auditors get all the paperwork they need, your audit is done on time and you understand your audit or just checking to see if you are receiving the level of service you expect.
8. During the final stages of your time with us the account manager can work with you to make sure our net-work has fully provided all the services that you need in regards to your case. In the future you can still get help from your account manager once your case is complete if additional problems come up.
