predatory lending: Massachusetts Foreclosure Defense Strategies
- 06/25/14 04:50 AM
This entry is an update to my blog I posted in 2009 titled: "What happens when a lender can’t produce the original note?" This entry is intended to provide general information only.
Depending on your financial position, it might be very beneficial for you to pursue a case against your mortgage lender if your true goal is to keep your home. You should first seek out a company or an individual that specializes in forensic auditing. They will pick apart every step and aspect of your loan and mortgage, including verifying if you may have also been a victim of Predatory Lending … (0 comments)
predatory lending: Banks Holding Off On Foreclosures To Verify Legal Standing
- 10/11/10 10:14 AM
In some states, lenders can foreclose quickly on delinquent homeowners. There are 23 states that use use a judicial process before a lender can take away someones home. These judicial states require the verification of documents including the need to verify and prove who actually owns the original promissory note. (Now... there is a novel idea). This is an issue we have been trying to educate homeowners on for the past several years. I know we have been sounding like a broken record, but in light of all the recent media coverage the past few weeks, you can hopefully see why. … (4 comments)
predatory lending: Follow-Up to What happens when a lender can’t produce the original note?
- 08/18/09 06:44 AM
Hello All: Wow! I wish to thank all of the Active Rain members for their overwhelming response to me latest post! My office has been inundated with e-mails and phone calls regarding this information. We will continue to provide members of the Active Rain community information and guidance regarding the challenges and potential legal pitfalls that can occur in today’s real estate market by posting such information on this site. However (unfortunately) we cannot give you legal advice. Should you have any additional questions or concerns on how this information may affect your particular set of circumstances, please consult with your … (3 comments)
predatory lending: What happens when a lender can’t produce the original note?
- 08/17/09 11:24 AM
*Please see the note on the bottom of this post for an updated comment. A growing number of homeowners around the country are using a foreclosure defense that may help them retain their homes. It’s called “Produce the Note” (as also being jointly advocated by Terry Smiljanich and The Consumer Warning Network) and we want you to know this is not a mere technicality that should be treated lightly by mortgage lenders or by the Courts. Everyone needs to understand the importance of this issue. When a lender can’t produce the original note, allowing a foreclosure to proceed puts the homeowner at … (156 comments)
predatory lending: Major Developments In Massachusetts Foreclosures (Follow Up)
- 04/15/09 01:43 PM
Our office has been receiving many phone calls and e-mails regarding the recent legal decisions affecting foreclosures in Massachusetts.A brief recap: The Land Court of the Commonwealth of Massachusetts has recently issued a series of decisions that put into question the validity of a great number of foreclosure sales in Massachusetts. In the case of US Bank National Association v. Ibanez (Misc. Case No.384283) and two companion cases, Judge Long of the Land Court reviewed the practice of the foreclosing mortgagees to not record assignments of mortgage prior to the sale. The judge found that, where the foreclosing mortgagee did not … (2 comments)
predatory lending: Major Developments In Massachusetts Foreclosures
- 04/14/09 03:50 PM
The Land Court of the Commonwealth of Massachusetts has recently issued a series of decisions that put into question the validity of a great number of foreclosure sales in Massachusetts. In the case of US Bank National Association v. Ibanez (Misc. Case No.384283) and two companion cases, Judge Long of the Land Court reviewed the practice of the foreclosing mortgagees to not record assignments of mortgage prior to the sale. The judge found that, where the foreclosing mortgagee did not have in its possession an assignment of the mortgage dated prior to the date of publication of notices under M.G.L.c. 244, … (0 comments)
predatory lending: Combating Predatory Lending
- 02/18/09 03:48 PM
We need to continue the fight to correct the devastation left behind by predatory lenders. It is now our even greater responsibility to make certain it never happens again. Executives of financial institutions have amassed huge fortunes on the backs of hardworking American families. While living in their many luxurious homes, they have refused to restructure mortgages that would allow families to stay in their homes. The Neighborhood Assistance Corporation of America ("NACA") is a non-profit, community advocacy and homeownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has … (3 comments)
This blog has been created to help real estate professionals in the Commonwealth of Massachusetts better understand Short-Sales and other Pre-
Foreclosure options available to their clients.
This entry is an update to my blog I posted in 2009 titled: "What happens when a lender can’t produce the original note?" This entry is intended to provide general information only.
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