Foreclosures Help Information

Posts Tagged ‘Article Bank’

Bank Foreclosure Fraud

Question: Question about a contract?

I entered into a contract to buy an REO home. Today I got a call from the Closing attorney stating she had found problems with the title. Apparently the bank foreclosed on a dead person, instead of their estate or heirs as they are supposed to... now we have to wait for the home to go through foreclosure all over again and run the risk of loosing the home to another buyer during the homes second run through the foreclosure process, and even after it makes it through that, we may be too late for the 8k first homebuyer tax credit.

My question is, since the bank was knowingly trying to sell us a house they did not have legal ownership of, do we have any grounds for a lawsuit? I would imagine this is at least a breach of contract/misrepresentation issue and at the very worst flat out fraud.

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Answer: You would have to prove the bank KNEW and purposely was trying to push through a sale with a cloudy title.

That is why you have title insurance. These things should be unearthed before you go to closing. Be thankful you didn't find this out a few months after closing on this house!

I don't believe you would prevail in this case.

foreclosure fraud pt 1- read update info

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Bank Foreclosure Canada

Question: Is it advisable to give personal information to people you don't know?

Identity theft is RAMPANT in America. I can only guess what it might be like in the UK or Canada or elsewhere in the world.

I have been called a trouble maker for urging others (especially friendly senior citizens) to think twice before they join chat groups & share info on the internet.

THE WORLD IS ABLE TO READ EVERYTHING THAT IS POSTED.

Con Artists, thieves, & dishonest people gather information DAILY in hopes they can learn enough to crack a persons security passwords on the internet & attain a home address where they can then take your mail & start re-routing your life without you ever having knowledge...until it's too late.

Your bank accounts are empty.
Your credit is maxed out.
Cells phone accounts with calls to criminals.
Guns registered in you name.
Houses & cars in your name (some in foreclosure).
Children you have enrolled in schools (yet you have none).
Jobs you never had (reported to SS using your number).

How did they get all this info?

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Answer: Personal paperwork thrown in the trash is wide open to the public
careless disposal of personal information required by people you do business with (banks, ins. agencies etc)

"over the shoulder "view of debit card pin, ss# etc.

There are plenty of places that this info can be picked up -- don't make it seasier by giving it away. Tear up/shred any paperwork being trashed and protect personal info from telephone/ computer and other queries.

Don't Panic! US Bank sold to Spain?!

Bank Foreclosure Rules

Question: Forecloser-Chapter 7?????

Martin mortgaged his farmlands with the State Bank of Florida for promissory notes amounting to $470,000. He defaulted on the payments, and the bank sought to foreclose the mortgage. The state court granted foreclosure. Just before the farmlands were about to be sold, Martin filed a bankruptcy petition under Chapter 7 of the Bankruptcy Code. Martin has a regular income of $60,000 from a full time job as a MRI technician. Is Chapter 7 the appropriate provision for Martin's case? What should the bankruptcy court do? Provide support for the court's ruling to proceed or dismiss the Chapter 7 filing.

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Answer: this sounds like a home work quesiton and since your grade might depend on my answer suggest you take the question to the home work section where the smart people are waiting to jume on a questions such as this!!

Foreclosure Short Sale, Mortgage & Real Estate Marketing, Bank Approved Sales Process