Tuesday - July 3, 2012 - ForeclosureGate Gazette
Content
This Edition Of The ForeclosureGate Gazette Contains Active Links
ACADEMIA
ADVERSARIES
ADVOCATES
BLOGOSPHERE
LEGAL
LEGISLATE
OP-ED
HOMEOWNERS NEWS
ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners
2012
TUESDAY JULY 3
California lawmakers foreclosure protections pass historic "...you just have to get up every morning and do what you can," Getting served with foreclosure papers made Lynn Szymoniak rich. While she couldn't have known it at the time, that day in 2008 led to her uncovering widespread fraud on the part of some of the country's biggest banks, and ultimately taking home $18 million as a result of her lawsuits against them….
California lawmakers have passed historic legislation that would provide homeowners with some of the nation's strongest protections from foreclosure and aggressive bank practices, such as when a lender tries to seize a home even as the resident negotiates to lower mortgage payments….
Memphis, TN, Foreclosures Spike As Bank Settlement Takes Hold Now that the official settlement of the “robosigning” scandal has been completed, and banks are getting back to business as usual, foreclosures in Memphis are beginning to spike significantly….
Are Banks ‘Hoarding Foreclosures’? Recent housing surveys are showing an uptick in home prices, particularly in cities in warm-weather “sand states” that had been hard-hit during the housing slump, such as in Phoenix, Las Vegas, Miami, and Tampa. But some housing experts worry that the lift in prices may be temporary due to banks “hoarding foreclosures.”….
Foreclosure settlement consulting firm
monitor
hires
No Problem Though, When A Bank Files False Ownership Paperwork... Residents won last week when prosecutors charged Clarence Boykin Jr., 53, with 11 felonies accusing him of filing false ownership paperwork on three houses, including two in Palmer Woods. A not-guilty plea was entered on his behalf Tuesday at Wayne County Circuit Court and he remains jailed. Experts say the battle demonstrates the severity….
Joseph Smith, the monitor of the $25 billion mortgage servicing settlement, hired BDO Consulting to help oversee homeowner relief and compliance to the new standards. Smith took the role in February to oversee how Bank of America, JPMorgan Chase,Wells Fargo, Ally Financial and Citigroup will correct foreclosure abuses and documentation problems of the past….
Woman Who Couldn’t Be Intimidated by Citigroup Wins $31 Million In March 2011, more than two years after Citigroup took $45 billion in bailouts from the U.S. government and billions more from the Federal Reserve -- more in total than any other U.S. bank -- Jeffery Polkinghorne, an O’Fallon executive in charge of loan quality, asked Hunt and a colleague to stay in a conference room after a meeting….
State program for struggling homeowners has helped few On June 15, Wells Fargo is set to auction off Gayline Hudson’s home in Oakland’s Fruitvale District. Hudson, who bought the two-bedroom house for $370,000 in 2005, lost her job as an adult education teacher when the Oakland Unified School District laid her off last June. The 44-yearold now owes more than $19,000 on her mortgage, an amount she says is impossible to make up….
ACADEMIA
ADVERSARIES
ADVOCATES
BLOGOSPHERE
LEGAL
LEGISLATE
OP-ED
HOMEOWNERS NEWS
ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners
2012
TUESDAY JULY 3
California lawmakers foreclosure protections pass historic "...you just have to get up every morning and do what you can," Getting served with foreclosure papers made Lynn Szymoniak rich. While she couldn't have known it at the time, that day in 2008 led to her uncovering widespread fraud on the part of some of the country's biggest banks, and ultimately taking home $18 million as a result of her lawsuits against them….
California lawmakers have passed historic legislation that would provide homeowners with some of the nation's strongest protections from foreclosure and aggressive bank practices, such as when a lender tries to seize a home even as the resident negotiates to lower mortgage payments….
Memphis, TN, Foreclosures Spike As Bank Settlement Takes Hold Now that the official settlement of the “robosigning” scandal has been completed, and banks are getting back to business as usual, foreclosures in Memphis are beginning to spike significantly….
Are Banks ‘Hoarding Foreclosures’? Recent housing surveys are showing an uptick in home prices, particularly in cities in warm-weather “sand states” that had been hard-hit during the housing slump, such as in Phoenix, Las Vegas, Miami, and Tampa. But some housing experts worry that the lift in prices may be temporary due to banks “hoarding foreclosures.”….
Foreclosure settlement consulting firm
monitor
hires
No Problem Though, When A Bank Files False Ownership Paperwork... Residents won last week when prosecutors charged Clarence Boykin Jr., 53, with 11 felonies accusing him of filing false ownership paperwork on three houses, including two in Palmer Woods. A not-guilty plea was entered on his behalf Tuesday at Wayne County Circuit Court and he remains jailed. Experts say the battle demonstrates the severity….
Joseph Smith, the monitor of the $25 billion mortgage servicing settlement, hired BDO Consulting to help oversee homeowner relief and compliance to the new standards. Smith took the role in February to oversee how Bank of America, JPMorgan Chase,Wells Fargo, Ally Financial and Citigroup will correct foreclosure abuses and documentation problems of the past….
Woman Who Couldn’t Be Intimidated by Citigroup Wins $31 Million In March 2011, more than two years after Citigroup took $45 billion in bailouts from the U.S. government and billions more from the Federal Reserve -- more in total than any other U.S. bank -- Jeffery Polkinghorne, an O’Fallon executive in charge of loan quality, asked Hunt and a colleague to stay in a conference room after a meeting….
State program for struggling homeowners has helped few On June 15, Wells Fargo is set to auction off Gayline Hudson’s home in Oakland’s Fruitvale District. Hudson, who bought the two-bedroom house for $370,000 in 2005, lost her job as an adult education teacher when the Oakland Unified School District laid her off last June. The 44-yearold now owes more than $19,000 on her mortgage, an amount she says is impossible to make up….
