Consumer Alerts
Military Families Get Help Fighting Foreclosures
January 13, 2010 by admin · Leave a Comment
It is one thing to worry about the safety of your spouse who is serving in Iraq or Afghanistan.
It is another thing to be afraid that while he or she is gone, the bank will take away your house and your loved one will have nowhere to come home to.
Linda Kellam, 50, knows both those fears. Her husband James, 49, is serving in Afghanistan with the 1218 Transportation Unit of the Army National Guard, which is based in West Palm Beach.
By the time he was deployed July 8, they had both lost their jobs in layoffs. Then the bank tried to foreclose on their Greenacres condo. They became casualties of the mortgage crisis.
“We weren’t able to pay and the lender wouldn’t work with me,” Kellam says.
Read more about military family foreclosures…
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
One Woman’s Saga as She Stares Down Foreclosure
January 13, 2010 by admin · Leave a Comment
Many a financially strapped homeowner has a story to tell about missed mortgage payments, delinquency notices, and threats of foreclosure.
Few of the stories have as many twists and turns as the now-eight-year-long tale of Donita Bagner of West Philadelphia, court records, legal documents, and interviews show.
Between Bagner’s 2002 purchase of a four-bedroom, one-bathroom rowhouse and what could prove to be the final order evicting her from it winds a road.
Read more about Donita Bagner…
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
Living on Nothing but Food Stamps
January 11, 2010 by admin · Leave a Comment
After an improbable rise from the Bronx projects to a job selling Gulf Coast homes, Isabel Bermudez lost it all to an epic housing bust — the six-figure income, the house with the pool and the investment property.
Now, as she papers the county with résumés and girds herself for rejection, she is supporting two daughters on an income that inspires a double take: zero dollars in monthly cash and a few hundred dollars in food stamps.
With food-stamp use at a record high and surging by the day, Ms. Bermudez belongs to an overlooked subgroup that is growing especially fast: recipients with no cash income.
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
Foreclosure Notices Rise in Massachusetts
January 11, 2010 by admin · Leave a Comment
Foreclosure petitions and auctions in Bristol County, Mass., rose in November in year-over-year comparisons, according to real estate tracking firm The Warren Group.
The group said that petitions – the first step in the foreclosure process – rose by 25.3 percent last month compared with 2008, from 142 to 178. Auction notices, the second step, jumped 86 percent (from 114 to 212), while foreclosure deeds – the last step in the process – fell by 7.8 percent (from 90 to 83).
Read more about Massachusetts foreclosures…
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
The Biggest Financial Deception of the Decade
January 8, 2010 by admin · Leave a Comment
Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception…
Moving on to the largest U.S. government bailout recipient by far, AIG’s troubles spawned my favorite placard of the decade: seen outside their Manhattan offices stood a sign that simply read, “Jump!” Maybe its creator heard what I did from AIG’s financial products head Joseph Cassano: “It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of these [credit default swap] transactions.”
He must have substituted his prescription eyewear with those giant New Year’s Eve glasses, because the government sunk $180 billion into the company and it still had to be split up and the assets sold to the highest bidder. I’m sure that his non-flippant comment had nothing to do with him making CNN’s “Ten Most Wanted Culprits” list in 2008.
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
Campaign to Move Money From Giant Banks to Community Banks
January 8, 2010 by admin · Leave a Comment
Arianna Huffington and Rob Johnson’s campaign for people to move their money from the giant “too big to fail” banks to local community banks and credit unions is quickly going viral.
Numerous financial writers have endorsed the campaign.
Read more about moving money from giant banks…
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
Houston-Area Homeowners Say Foreclosure Program Failed Them
January 6, 2010 by admin · Leave a Comment
The taxpayer-funded program to help homeowners threatened by foreclosure is hitting snags in Houston. People who thought they were following the rules say they’re getting foreclosed on anyway.
In a new subdivision in Katy, Troy Cosse said the bad news came one day in the mail.
“The foreclosure sale date,” said Cosse as she pointed to a sentence in a letter from her bank. “They foreclosed on my property. And I was like, wow, that was a low blow.”
A low blow because she said she’d been negotiating with the bank after a five-month layoff left her behind on her house payments.
Read more about these homeowners…
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
Meet Your New Neighbors, the Squatters
January 6, 2010 by admin · Leave a Comment
As the number of empty, foreclosed houses in the Twin Cities soars, hard-to-catch squatters are making themselves right at home.
Coon Rapids housing inspector Leya Drabczak visited the house almost weekly for more than six months. The woman who lived there never answered the door — even when she was home. “She had furniture and plants,” Drabczak said. “She had an ‘ab-ductor’ exercise machine.”
What the woman didn’t have was the legal right to live there.
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Boston for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
Nonprofits Work to Spare Soldiers and Their Families From Foreclosure
January 4, 2010 by admin · Leave a Comment
It is one thing to worry about the safety of your spouse who is serving in Iraq or Afghanistan.
It is another thing to be afraid that, while he or she is gone, the bank will take away your house and your loved one will have nowhere to come home.
Linda Kellam, 50, knows both those fears. Her husband James, 49, is serving in Afghanistan with the 1218 Transportation Unit of the Army National Guard, which is based in West Palm Beach.
By the time he was deployed July 8, they had both lost their jobs in layoffs and then the bank tried to foreclose on their Greenacres condo. They became casualties of the mortgage crisis.
Read more about military families in foreclosure…
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Miami for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
Expectant Family Turns to Public to Fight Foreclosure
January 4, 2010 by admin · Leave a Comment
Recent talks about who is to blame for the nation’s housing crisis have been little comfort to thousands of people across the Bay Area who have suffered through foreclosure or are struggling to stay in their homes.
One family in San Carlos is taking an unusual step to keep their house.
“We have this hard deadline, January 19. That’s the date the house goes on to auction,” Steve Doss said.
The house has been home for more than three years to the Doss family, Steve, Mandie and their five kids. A sixth child is on the way, due just about the same time their foreclosed home on a San Carlos hill is due to hit the auction block. “My time to deliver is about two days before the sale date on this house,” Mandie told ABC7. “So, that would put me coming home to no home.”
Read more about the Doss family…
Struggling with high mortgage bills? You may be a victim of mortgage fraud. Contact MFI-Miami for help. We’ll investigate and do a forensic mortgage audit. We may be able to help you save your home. Contact us today!
