In yet another settlement, JPMorgan Chase has admitted to filing tens of thousands of documents that were not reviewed by the people who had signed and authenticated to their accuracy. Many in the banking and legal community are shocked that Chase would admit to such wrongdoing in more than 50,000 fraudulent payment change notices. In court documents, it was stated that Chase “improperly signed, under penalty of perjury, by persons who had not reviewed the accuracy of the not
Excited to announce that Keith Gantenbein, of Gantenbein Law Firm, has been invited to teach at a 2-day National CLE, starting today, sponsored by the American Bankruptcy Institute (ABI). Mr. Gantenbein will be speaking about some of his most passionate issues: the Rule 120 Foreclosure Hearing in Colorado, Dual-Tracking, and CFPB (Consumer Finanacial Protection Bureau) Rules and Regulations, as they relate to mortgages. If you have an issue with your loan modification, mortag
A couple living in New England are facing another battle after losing their home to foreclosure. Their mortgage insurance company is suing them for $136,000. The Galindo’s came to the U.S. to build a better life for themselves and their toddler daughter. They worked hard and bought a two-family house in 2005 for $410,000. They didn’t have the money saved to make a large down payment so their lender required they buy an insurance policy in order to qualify for the mortgage. T
California is accusing Ocwen of defying requests for information by the California Department of Business Oversight, which is the licensing bureau for nonbank mortgage lenders and providers of collection and foreclosure services. The state is now seeking to suspend Ocwen’s mortgage license because Ocwen has failed to turn over documentation showing compliance with California laws protecting homeowners. There have been investigations nationwide into Ocwen and other nonbank ser
There are many reasons why someone may not have filed taxes, including financial difficulties. Back taxes accrue interest and penalties- quickly adding to the total debt owed to the IRS. When the IRS feels you’ve been hiding money, filed fraudulent returns or willfully failed to file, there are cases where jail time is ordered. The IRS can also place liens against your property or seize your property including bank accounts and garnish your wages without ever going to court.
A court recently ruled in favor of a Florida couple who were in foreclosure, and awarded them over $1 Million. Bank of America, the foreclosing bank, robo-called the couple more than 700 times over a period of several years. The judge rules BOA's conduct as a pattern of "outrageous, abusive and harrassing conduct." Nelson and Joyce Coniglio fell behind on their mortgage payments in 2009. When BOA acquired the loan from now-defunct Countrywide, they started harrassing phone ca
The Mortgage Forgiveness Debt Relief Act was passed in 2007, and allowed homeowners the protection of forgiving mortgage debt. Mortgage debt includes: principal balance forgiveness, waiver of debt in a short sale, waiver of debt in a deed-in-lieu, any deficiency waiver, as well as charged-off second mortgages. Prior to the passage of the MFDRA, homeowners would have to declare any forgiven debt as 'income', and would be taxed on that 'income.' MFDRA provided financial relief