The Nation’s Fourth Largest Home Loan Lender Several state attorneys general have opened investigations into GMAC Mortgage’s foreclosure practices. Several of the attorneys general have ordered GMAC – the nation’s fourth largest home loan lender – to freeze foreclosures in their states. Earlier this month, GMAC Mortgage’s parent … [Read more...]
States Launch GMAC Wrongful Foreclosure Probes
Florida Wrongful Foreclosure Lawsuit Seeks Return of Seized Homes
Seeking Restitution for Homeowners. A Florida class action lawsuit is seeking restitution for homeowners who claim their homes were wrongfully foreclosed. The wrongful foreclosure lawsuit, which was filed in US District Court in Miami, names BAC Home Loans Servicing, a subsidiary of Bank of America; Deutsche Bank National Trust … [Read more...]
JP Morgan Chase Tries To Make Up For Wrongful Military Foreclosure Mess
In the wake of a widespread mortgage fiasco that left many of our deployed servicemen women facing mortgage overcharges and wrongful foreclosures, JPMorgan Chase is working on corrective action. The Associated Press (AP) reports that JPMorgan Chase & Co. announced its new programs, which are focused on the military and veterans, … [Read more...]
Another Military Member Says Bank Wrongfully Foreclosed on His Home
A member of the Michigan National Guard says he was the victim of a wrongful foreclosure while he was deployed in Iraq. Sergeant James Hurley, who served his country in the National Guard for 25 years before retiring, has been fighting the foreclosure since 2005. He took his lender - Deutsche Bank and Saxon Mortgage, a … [Read more...]
