Banks Illegally Deny HAMP Loan Modifications 90% Of The Time
Banks continue to disregard the law and deny relief to 90% of homeowners who are legally entitled to Home Affordable Modification Program (HAMP) modifications, as shown by the U.S. Treasury’s latest HAMP Reports. Specifically, page 9 of the report shows that, as of October 2011, banks who participate in HAMP collectively service loans for a total of 891,542 homeowners who …
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With the continued economic crisis, it is important for lawyers to know how to represent a homeowner in foreclosure. While much discussion has been devoted to deeds in lieu of foreclosure, short sales, and other ways to help a homeowner exit their home, not much discussion has been devoted to how to challenge a wrongful foreclosure. This article covers the basics. First, …
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Married Couple Files $4,000,000 Lawsuit Against Wells Fargo For Mortgage Fraud
The Law Office of Jason Ostendorf filed a lawsuit against Wells Fargo Bank, N.A. last week for $4,000,000 on behalf of a Maryland married couple. The lawsuit charges Wells Fargo with “using unfair and deceptive trade practices by making false statements of material fact in connection with a loan modification application.” The lawsuit further alleges that “Wells Fargo has failed to honor its …
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Banks Have A Financial Motive To Illegally Deny Loan Modifications: Banks Profit From Foreclosure
It has been common knowledge for years that banks make money when they illegally deny a home loan modification. Media sources such as the New York Times have reported on the issue since as early as July 2009. There are three parties to a mortgage: the homeowner, the investor, and the bank. The bank is the party who collects monthly …
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Due to our high demand and dedication to existing clients, we are accepting new cases for court representation only in appeals within Maryland's appellate courts. For all other legal matters, although we are not entering appearances or attending court hearings, our team is available to offer robust legal consulting services including:
For court appearances in non-appellate matters, we recommend engaging local counsel to ensure the best possible representation and support.
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