The Florida Foreclosure Fraud Weblog
Where Florida homeowners fight back against foreclosure fraud
Much has been made in recent months and years of the bad behavior on the part of the banks (and loan servicers– the companies that send borrowers their mortgage statements and collect their payments) that have made the foreclosure crisis even worse than imaginable. Now the Office of the Comptroller of the Currency, the Federal [...]
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“Many Mortgage Foreclosures Appear Tainted With Suspect Documents” says Fourth DCA Florida’s Fourth District Court of Appeal is very concerned about foreclosure fraud. In a recent case, Pino v. Bank of New York Mellon [.pdf], the Court considered the case of whether a bank can avoid court sanctions for fraud by simply dismissing its case [...]
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Chase Follows GMAC, Freezes Foreclosures JP Morgan Chase announced a freeze on mortgage foreclosures in 23 states—including Florida—just a few days after GMAC did the same. Chase took this unusual action because it could not tell whether it had submitted false affidavits or had committed perjury before the foreclosure courts of those states. While announcing [...]
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The Huffington Post reports that Wall Street knew it was peddling bogus mortgages as early as 2007. During the height of the boom in 2006 and the period prior to its immediate end during the first six months of 2007, [financial firm Clayton Holdings] inspected home loans for Wall Street firms and government-backed mortgage giant [...]
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We all knew that something funny was going on at Taylor, Bean & Whitaker. Now we know the Feds think so too: [Lee Bentley Farkas] The former chairman of a large mortgage lending company has been charged in a $1.9 billion fraud scheme that contributed to the failure of Colonial Bank, one of the nation’s [...]
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No man’s life, liberty, nor property is safe while the legislature is in session. -Judge Gideon Tucker Foreclosure filing fees jacked up to $1,900 In an apparent effort to stem the tide of foreclosure cases, and stauch the bleeding budget at the same time, the Florida Legislature this year jacked up court fees in foreclosure [...]
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Looking for government help to save homes One of the most popular search terms people use to find one of our sites is “Obama foreclosure plan.” Homeowners in economic distress are hungry for information about government programs. And of course, where there are people hungry for information about what the government is doing to help [...]
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Two major lenders, Chase and Wells Fargo, have angered federal judges sitting in two different cases: Chase, because of an apparent fraud on the court, and Wells Fargo, through incompetence and sloppy bookkeeping. Chase lies to the court My good friend Jay Fleischman describes the Chase case: In the case of In re Pawson, Case [...]
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