Couple Fought Wrongful Foreclosure In Court, Emerged Victorious

Couple Fought Wrongful Foreclosure In Court, Emerged Victorious

It’s nice to hear about a battle of consumer vs. bank that ends with a consumer victory. Better still when it means that the consumer gets to stay in their home, which they were in danger of losing to foreclosure. That’s the heartwarming story of one California couple who fought back in court. [More]

(CarbonNYC)

A Fresh Set Of Mishaps In Settlement Checks Sent To Wronged Homeowners

A few weeks ago we reported on the trouble some victims of wrongful foreclosure had cashing the checks sent to them that were supposed to make up for troubles they’d been through. And now it seems those homeowners aren’t done being frustrated, as some are reporting that a new round of checks have been written out in the wrong amounts. Sigh. [More]

(stevendepolo)

Many Victims Of Shady Foreclosure Practices Will Only Get $300-$500 Under Government Plan

There’s no doubt that millions of homeowners were the victims of shady foreclosure practices at the country’s biggest banks when the recession hit. So many of those people were likely hoping for a positive resolution to their woes when the government said it was going to figure out how to compensate homeowners with its Independent Foreclosure Review, an investigation into banks’ mistakes in servicing mortgages. But after waiting years for an answer, about three million eligible borrowers will only be seeing checks for between $300 and $500. [More]

Wells Fargo Sends Crew To Foreclose On Home That Doesn’t Even Have A Mortgage, Shrugs

Wells Fargo Sends Crew To Foreclose On Home That Doesn’t Even Have A Mortgage, Shrugs

There isn’t really a great way to make it up to homeowners that don’t even hold a mortgage when you’ve sent a crew to break into their house and take everything out of it, but we suppose “sorry” is an okay, if lackluster, start. A California couple says Wells Fargo made a huge mistake by trying to take their home and now they’re not being very helpful in getting the family’s belongings back to them. [More]