Lender Abuse Examples

 This is a good example of why lender abuse occurs


 
Lender/Servicer Claim Abuse

 By Patrick M. Mosley, Esq. Law Clerk to Hon. Catherine Peek McEwen Representative Cases I. In re Stewart, 391 B.R. 327 (Bankr. E.D. La. 2008) Representative Cases II. Nosek v. Ameriquest Mortgage Co. (In re Nosek), 386 B.R. 374 (Bankr. D. Mass. 2008)

Reverse mortgages exploitation of the elderly

We’ve all see the ads for reverse mortgages aimed at elderly persons who have managed to pay off their homes and remain in them. Here is the part of the advertisement they don’t tell you. All of our elderly are at risk of exploitation not only from predatory guardianships, but also from predatory lender abuse...

Credit Card Debt collection ‘Robo-Signing’

The problem, according to judges, is that credit card companies are not always following the proper legal procedures, even when they have the right to collect money...

Lender Abuse Information

What is Lender Abuse?

More and more we are hearing about foreclosures. Why? The abuse will continue ! When the Fed first floated its new lending regulations last year, it did include a proposal to limit the practice of lender payoffs to brokers, but that didn't make it into the final set of regulations. Our proprietary Lender Fraud and Violation Detection Report identifies and clearly categorizes not only the common review of standard Federal Truth and Lending, RESPA and HOEPA violations, but also helps identify Predatory Loan Origination, Predatory Loan Servicing, Loan Abuse, Consumer Civil Rights Violations as well as Contractual misrepresentation and Fraud in a easy to ready (read) comprehensive summary report that allows our nonprofit law clinics trained and highly experienced staff or the competent Attorney that prefers to do the work themselves to draft custom tailored complaints that are case specific NOT a cookie cutter complaint that may get ignored by opposing council. If you think you have been a victim of Lender Abuse, or any loan malpractices, please contact us to talk with a nonprofit attorney, free of charge.

Bank Fraud

Bank fraud is the use of fraudulent means to obtain money, assets, or other property owned or held by a financial institution. In many instances, bank fraud is a criminal offense. While the specific elements of a particular banking fraud law vary between jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime. This is the brother of Lender Abuse.

 

Promissory Estoppels Case

One of the new forms of lender abuse we have found. We have discussed certain issues that has been raised by one client right now…..(LIM, Chanrotha) wherein the current lender refused/denied the homeowner modification of their loan because they were current with the mortgage.....

“Safe Harbor” Bill May Lead to More Lender Abuse

Mortgage researchers are objecting to a new bill aimed at protecting loan servicers, saying the legislation will only pave the way for more lender abuse...

The other Nonprofit Organization that actually works for you, not your Lender!
A division of ‘Serve All Help All’ a 10 year Non-Profit Organization that now has Mortgage, Real Estate, Loss Mitigation, Law Professionals and Private Equity Investment Firms all working collaboratively to help you preserve your right of homeownership…….