Foreclosure and Loan Modification Blog (21)

Not Answering Summons and Complaint Made It Easier for Wells Fargo to Set Foreclosure Sale Date

In late 2016 our firm was retained by a homeowner I'll call Juan Wilson to protect his privacy. Juan owned a home in Orange County, Florida. A truck driver, Juan encountered financial difficulties and prioritized payment on his truck over his home, defaulting on his mortgage in 2015.

There's a saying that goes “you can sleep in your car, but you can't drive your house to work.” That was doubly true of Juan since he made his living with his truck, and without it he wouldn't have the income to pay any bills.

Not paying his mortgage may have been the lesser of two evils, but it came with serious consequences. After not receiving their mortgage payments Juan's bank, Wells Fargo, started trying to foreclose. He was served with a summons and complaint in April of 2015 and made the mistake of not responding to it or raising any defenses.

Successful Loan Modification Roundup Week of 4/7/17

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are a few of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter (#loanmodwow) or Facebook. Here are some of our results from this week with PNC, Ocwen, Regions Bank, Shellpoint, and Wells Fargo:

PNC

PNC Bank client was 6 months and $14,015 past due on mortgage, but now has a 3 month in-house trial loan modification plan with $132.69 cheaper payment!

CoreLogic Releases 10-year Retrospect of The Foreclosure Crisis

10th anniversaries are traditionally celebrated with gifts of tin or aluminum. But for the 10th anniversary of the foreclosure crisis, real estate data and analytics company CoreLogic has released a report analyzing a decade of foreclosures. How romantic! CoreLogic knows us so well.

It's called “10-year retrospect of the U.S. residential foreclosure crisis”. It shows that the housing market has improved dramatically from the worst of the crisis and “started to normalize, recording approximately 22,000 completed foreclosures a month.”

[fa icon="clock-o"] Wednesday, April 5, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] foreclosure, foreclosure crisis

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are a few of their stories.

Nationstar

Final in-house loan modification, with $218 lower monthly payment and lower interest rate, approved for our Nationstar client who was past due $29,994 on their mortgage.

Will 2017 Bring Another Bursting Housing Bubble?

Ten years ago a a real estate bubble burst that caused roughly 8 million homes to be lost to foreclosure.

Since then, there's been a sustained recovery that, while sometimes slower than what's been desired, has gradually brought us to where we are now.

Where are we now? Home prices are up (at all time highs in some markets), foreclosures are down to pre-recession levels, most people who want a job have one, and the stock market is at historic highs.

[fa icon="clock-o"] Tuesday, March 28, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] housing market, housing bubble

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are a few of their stories.

Caliber

Our Caliber client was 24 months and $79,881 past due on mortgage payments, but now has a final in-house loan modification with $689 cheaper monthly payment and $72,177.15 non-interest deferred amount!

Mark Zuckerberg Drops Quiet Title Lawsuits Against Hawaiian Landowners

Facebook CEO Mark Zuckerberg is dropping multiple quiet title lawsuits filed over ownership of small plots of land located within the boundaries of his 700 acre beachfront estate on the Hawaiian island of Kauai.

Zuckerberg and his wife, Priscilla Chan, paid $100 million for the land in 2014 to create a private retreat for their family. But it appears that they got more than they bargained for.

The problem is that native Hawaiians may have an ownership interest in some small parcels of land inside the Zuckerberg estate. The way this can happen has to do with something unique to Hawaii called kuleana.

[fa icon="clock-o"] Wednesday, March 22, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] quiet title

Our firm recently received a question from a homeowner in Pennsylvania who wanted to know if he could use an unclean hands defense to avoid foreclosure, and if he could he sue his bank?

Unclean Hands

First, what is an unclean hands defense?

An unclean hands defense is when one party in a lawsuit didn't wash their hands before coming into court and gets dirt all over the legal documents and the judge throws the case out. Precedent for the unclean hands defense was established in 1975 with the landmark Pigpen v. Wells Fargo case, which went all the way to the supreme court.

[fa icon="clock-o"] Monday, March 20, 2017 [fa icon="user"] Maxwell Swinney [fa icon="folder-open'] loan modification, foreclosure defense attorney, foreclosure fraud, unclean hands

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are a few of their stories.

SPS

10 months past due on mortgage payments to SPS, our client now has a final in-house loan modification with $60.63 cheaper payment!

Loan Modification Saves NJ Homeowner From M&T Bank Foreclosure

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here is one of their stories.

In January of 2016, a homeowner I'll call Pablo Iglesias (to protect his privacy) retained Amerihope Alliance Legal Services for foreclosure defense and loan modification assistance in order to keep his Bergen County, NJ home.

His servicer and lender are Hudson City Savings Bank, and M&T Bank is the investor in his loan. Iglesias was 15 months and $79,642 past due on his $5,137 a month mortgage payment. He had an unpaid principal balance of $664,000, and an interest rate of 6.625%.

Foreclosure and Loan Modification Blog

Not Answering Summons and Complaint Made It Easier for Wells Fargo to Set Foreclosure Sale Date

Successful Loan Modification Roundup Week of 4/7/17

PNC

CoreLogic Releases 10-year Retrospect of The Foreclosure Crisis

Successful Loan Modification Roundup Week of 3/31/17

Nationstar

Will 2017 Bring Another Bursting Housing Bubble?

Successful Loan Modification Roundup Week Of 3/24/17

Caliber

Mark Zuckerberg Drops Quiet Title Lawsuits Against Hawaiian Landowners

Is Unclean Hands An Effective Defense Against Foreclosure?

Unclean Hands

Successful Loan Modification Roundup 🍀 Week Of 3/17/17

SPS

Loan Modification Saves NJ Homeowner From M&T Bank Foreclosure

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