Foreclosure Malpractice and Foreclosure rescue scams continue in 2013
FORECLOSURE MALPRACTICE IN CALIFORNIA – ADDING INSULT TO INJURY.
There can be nothing worse in this world than being told that if you pay someone money that they will be able to help you save your home from foreclosure.
This happens quite a bit and we have heard our fair share of outrageous foreclosure practices committed by foreclosure attorneys, non-attorneys, foreclosure consultants, real estate brokers, and the like.
The fraudulent, deceptive, and unfair business practices can include any of the following:
- Charging advance fees for a loan modification or mortgage forbearance (which violates California SB94)
- Loan modification fraud
- Promising that a company, lawyer or law firm will file a chapter 7 or chapter 13 bankruptcy case to “stop your foreclosure” or “delay the foreclosure sale” and then the bankruptcy attorney or paralegal firm not filing anything.
- “Securitized loan audit” companies that charge you thousands of dollars (to basically inform you that your loan was securitized) – often a complete waste of money while telling you this will help you get a “free house” or to quiet title to property.
- Paying money for phony forensic audits that are negligently performed by attorneys or forensic firms with no experience in mortgage origination or compliance.
- False promises of assisting you in a short sale.
- False promises relating to a deed-in-lieu of foreclosure service.
- Attorneys or other third parties promising to buy your house and lease it back to you without so much as a conflict of interest disclosure.
- Companies that fail to advise you of applicable statutes of limitations
- Foreclosure rescue companies or even law firms failing to advise you of you right to rescind your loan under federal truth in lending law (“TILA”). If you had equity in your property, this could have resulted in a SERIOUS LOSS OF EQUITY.
- Failure to notice or detect cases of financial elder abuse under the California Welfare & Institutions code
- False promises of filing a “foreclosure class action” or filing a lawsuit to obtain a loan modification or principle loan balance reduction.
- Negligence in the handling of a state or federal lawsuit, or adversary proceeding in a bankruptcy court.
If you were a victim of any of these false and fraudulent foreclosure practices, you may be entitled to compensation. In some cases we may be able to take your case on a contingency fee basis. We do not accept all cases, and certain restrictions and criteria will apply. To discuss your case contact us at (877) 276-5084. We are a civil litigation law firm that handles cases of foreclosure fraud, predatory lending, and foreclosure malpractice.