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FORECLOSURE MISTAKES

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Movie 99 Houses is Most Accurate Portrayal of Foreclosure I’ve Seen – Christine Axsmith, Esq.

They seem to be getting careless, these foreclosure companies.

Michael Redman and Lisa Epstein didn’t take their foreclosure cases sitting down – they fought back, and fought back hard. Now, in part due to their hard work and tireless advocacy, the Florida Attorney General’s office has launched investigations into four of the largest foreclosure plaintiff’s firms in Florida.

 

Foreclosure Mistakes Robo-Signers

Redman started to review various court documents to compare the “evidence” submitted by the banks – and noticed something very suspicious: “I began noticing patterns of the same people signing assignments [of mortgage] for 20 different banks but their signatures never matched.” In other words, the documents were faked.

That’s called robo-signing.  How it works is that people are hired at ten dollars an hour to sign about sixty affidavits an hour to create supporting documentation for a foreclosure case.  Now when you sign an affidavit, you are attesting that you have personal knowledge of what is in it and that you attest the information is correct.  With hundreds of affidavits being signed a day, making those assurances was, basically, a lie.

This is a regular problem in a foreclosure case.  It really pays to review the documentation attached to a complaint for foreclosure and to bring these discrepancies to the judge’s attention.

Foreclosure on Wrong House

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The Moor family of Taylor Texas claims the Ohio-based Safeguard Properties mistook their barn for their neighbor’s foreclosed home, according to the Austin American-Statesman.  An insurance claim has been filed, and the contractor has admitted their mistake.

Safeguard immediately acknowledged the error in this case and has been working with Mr. Moors to resolve it as quickly as possible,” Diane Fusco, a spokeswoman for Safeguard wrote to The Huffington Post in an e-mailed statement. “Respecting confidentiality and privacy of the individuals involved, Safeguard does not publicly disclose details about personal matters or properties under our care.”

You don’t generally think of barns being foreclosed on, anyway, eh?

Foreclosure Mistake From Pushing Wrong Button

Tom Mudie pushed one wrong button and it almost cost him his house.

The Tampa Tribune reports that Mudie was put into a mortgage modification program which lowered his monthly payments by $200. In order to stay in the program, Mudie had to make his payments on time.

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Mortgage Loan Modification – Axsmith Law Blog

But when Mudie tried to make a payment over the phone, his payment was 80 cents short after he accidentally hit a “0” instead of an “8.”

Due to that simple error, Bank of America began its foreclosure process against the Mudie home.  It is an error of 80 cents.  That’s all.

“I want to keep my home,” Mudie told the paper. “And to lose it over 80 cents is crazy.”

Bank of America eventually backed down from its foreclosure plans, but Bank of America has had these types of situations happen before.  Last June, WWLP reported on a man nearly having his home taken away because he had an overdue balance of $0. The bank later corrected the mistake.

It’s sad. But sort of self-explanatory why the below article is from a website called “naked capitalism.”

The mistakes made by mortgage companies would turn Pat Buchanan into Karl Marx, we think.

Foreclosure Mistake After House Burns

In fact, JP MorganChase started foreclosure proceedings in two cases in Alabama after the mortgage loan had been paid off in full by insurance after a fire.

If you are facing foreclosure and require help in foreclosure mediation, phone Axsmith Law LLC at (202) 285-5415.

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