Friday, August 24, 2012

A home is a terrible thing to lose!


    I have had so many homeowners in my office in disarray due to the banks conduct over the past 4 years that I cannot count. Good people who worked hard, purchased a home and were defrauded and taken advantage of by the banks!!  The fraudulent conduct consist of the following in every case that I have seen: 1) homeowner sees a great modification program on TV 2) homeowner is concerned about future income 3) bank tells homeowner that there are no programs to help them unless they are late on some payments 4)  Homeowner misses payments thinking the bank will not report them in default and foreclose on their property 5)Bank leads homeowner to think they are receiving a loan modification when they are actually moving forward with full foreclosure and eventual sale of their home.  I have numerous lawsuits pending with these facts in court throughout California. Have you experienced this practice by your bank???


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