Can anyone verify that Countrywide sold their mortgages on an open market and then were reimbursed by some third party, if the loan defaulted? Can they then bring action against the homeowner if they had no loss?
Hi there, saw a post asking if there are any class actions in georgia, the answer is yes. one involving BOA but not foreclosure specific, it is rather about lack of proper account change notification by BOA to BOA account holders in georgia. There is also another class action challenging the foreclosing actions of a specific law firm in georgia on behalf of homeowners who have been foreclosed on by them. the law firm is mccurdy candler and they represent BOA among their bankster clients. reply/comment if you would like me to contact you for more info on this, or if you believe you may be part of the classes, i can refer you to the law firm handling the Class action work.
any homeowners in georgia working to save their homes from foreclosure, also feel free to make contact. my email is chance4america@gmail.com.
This is an excerpt from the Washington Post- it proves the point regarding servcing.
Even as Bank of America triages thousands of loans, it is facing pressure from groups that own the mortgages the bank services on their behalf — meaning it collects monthly mortgage payments for these investors. Most investors have agreed to allow Bank of America to modify mortgages in line with the administration program, but about 5 percent have refused and another 15 percent require the bank to get their approval on a case-by-case basis.
Meanwhile, in another setback, a federal judge this summer rejected Bank of America’s argument that it was protected against lawsuits by mortgage investors unhappy with the modified terms given to borrowers.
Bank of America and other lenders have a lot riding on the foreclosure prevention program. The company stands to collect about $6 billion — some of which will be passed on to investors — of the $75 billion the administration has set aside for the Making Home Affordable program.
If a lender lied to a homeowner, telling her that a recorded IRS lien had been sudordinated; when it fact it had not, and the homeowner then accepts the loan, only to thave the IRS sue to reduce the lien, which is now first in title on her home, to a judgement, is the Lender liable under TILA? Under any legal theory?
We refinanced in ‘06 with a local mortgage broker who sold the loan to Countrywide. What can you point me to for help as we are anticipating a notice of default soon?
hi, i have found an amended loan purchase agreement between home loan center d.ba. lendingtree and countrywide home loans.(look at artlcle 10.10
countrywide maintains that they purchased our home loan from the secondary market after our loan closed,.our allonge states that home loan center was going to sell our loan to countrywide bank. would this loan purchase agreement show otherwise? thank you
hi neil, yesterday the sec charged angelo mozillo with fraud. I was just wondering if the sec would be interested in his fraudulent issuance of unregistered securities, what do you think? thanks
I was at your santa monica seminar for borrowers last september. my husband and I are still in our home, but in some type of countrywide/bofa/recomtrust foreclosure limbo. I do not want the loan mod and I’ll not give them my house. while googling home loan center (originator) and countrywide, I found this link for countrywide loan purchase agreement with eloan. I thought it might be useful. thank you so much for everything you are doing, ilene http://contracts.corporate.findlaw.com/agreements/eloan/eloancountryagt.html
Not that I know of, but if you find one please post information. We have the same problem and are looking for an attorney. I will post any information we can find for you also.
Can anyone verify that Countrywide sold their mortgages on an open market and then were reimbursed by some third party, if the loan defaulted? Can they then bring action against the homeowner if they had no loss?
Hi there, saw a post asking if there are any class actions in georgia, the answer is yes. one involving BOA but not foreclosure specific, it is rather about lack of proper account change notification by BOA to BOA account holders in georgia. There is also another class action challenging the foreclosing actions of a specific law firm in georgia on behalf of homeowners who have been foreclosed on by them. the law firm is mccurdy candler and they represent BOA among their bankster clients. reply/comment if you would like me to contact you for more info on this, or if you believe you may be part of the classes, i can refer you to the law firm handling the Class action work.
any homeowners in georgia working to save their homes from foreclosure, also feel free to make contact. my email is chance4america@gmail.com.
This is an excerpt from the Washington Post- it proves the point regarding servcing.
Even as Bank of America triages thousands of loans, it is facing pressure from groups that own the mortgages the bank services on their behalf — meaning it collects monthly mortgage payments for these investors. Most investors have agreed to allow Bank of America to modify mortgages in line with the administration program, but about 5 percent have refused and another 15 percent require the bank to get their approval on a case-by-case basis.
Meanwhile, in another setback, a federal judge this summer rejected Bank of America’s argument that it was protected against lawsuits by mortgage investors unhappy with the modified terms given to borrowers.
Bank of America and other lenders have a lot riding on the foreclosure prevention program. The company stands to collect about $6 billion — some of which will be passed on to investors — of the $75 billion the administration has set aside for the Making Home Affordable program.
Full article can be found here:
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/11/AR2009101102206.html?hpid=topnews
They can not even keep track of the current volume- think thye know who owns your note?
There is talk of a Class Action Suit on loansafe.org
copy and paste this link
http://www.loansafe.org/forum/we-must-stop-think-organize-unite/16159-breaking-bank-news-millions-fraudulent-mortgages.html
If a lender lied to a homeowner, telling her that a recorded IRS lien had been sudordinated; when it fact it had not, and the homeowner then accepts the loan, only to thave the IRS sue to reduce the lien, which is now first in title on her home, to a judgement, is the Lender liable under TILA? Under any legal theory?
We refinanced in ‘06 with a local mortgage broker who sold the loan to Countrywide. What can you point me to for help as we are anticipating a notice of default soon?
Any Class Action suits in Oregon against Countrywide or WAMU or B of A Home Loans?
hi, i have found an amended loan purchase agreement between home loan center d.ba. lendingtree and countrywide home loans.(look at artlcle 10.10
countrywide maintains that they purchased our home loan from the secondary market after our loan closed,.our allonge states that home loan center was going to sell our loan to countrywide bank. would this loan purchase agreement show otherwise? thank you
http://investor-relations.tree.com/secfiling.cfm?filingID=1047469-08-8295
hi neil, yesterday the sec charged angelo mozillo with fraud. I was just wondering if the sec would be interested in his fraudulent issuance of unregistered securities, what do you think? thanks
http://www.sec.gov/news/press/2009/2009-129.htm
HI Neil,
I was at your santa monica seminar for borrowers last september. my husband and I are still in our home, but in some type of countrywide/bofa/recomtrust foreclosure limbo. I do not want the loan mod and I’ll not give them my house. while googling home loan center (originator) and countrywide, I found this link for countrywide loan purchase agreement with eloan. I thought it might be useful. thank you so much for everything you are doing, ilene
http://contracts.corporate.findlaw.com/agreements/eloan/eloancountryagt.html
Any class Actions against C.W. in New Jersey
Are there any class action or any lawsuits against Countrywide in Georgia?
Not that I know of, but if you find one please post information. We have the same problem and are looking for an attorney. I will post any information we can find for you also.
Are there any Class Actions against Countrywide Home Loans pending in Michigan?
*Besides Mike Cox’s $1,800.00 settlement for those whose loans originated with Countrywide?