wrongful
foreclosures
foreclosures
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One unfortunate practice we often see as consumer
lawyers is mortgage companies tricking their
customers into allowing their homes to be foreclosed.
This usually happens when a customer suffers some
sort of financial setback and gets behind on their
mortgage payments. Being honest and responsible
individuals they usually contact the mortgage servicer
to try to work something out. Often company offering
to help them.
When the customer contacts the mortgage servicer
they are usually met with great optimism about the
prospects of restructuring the mortgage to help the
customer through their difficulties. The customer is
lulled into a false sense of security by this and thinks
all they have to do to avoid foreclosure is cooperate in
the refinancing process. They are told not to
worry---just fill out some paperwork and everything
will be okay. Unfortunately, this is often false
optimism and, sometimes pure deception.
While the innocent customer is busy filling out endless
forms and retrieving bank records, pay stubs, tax
returns and the like, the foreclosure process is
continuing uninterrupted. As the foreclosure date
approaches the consumer starts to worry and voices
their concern to mortgage servicer, but they are
usually reassured that the refinance is just about to
come through and promised that, when it does, it will
cure everything and stop the foreclosure.
Far too often the refinance does not come through and
when foreclosure day comes the consumer loses their
home. It's difficult to say whether the lenders and
mortgage services intended this result all a long, or
were just grossly negligent in handling the refinance.
Either way, the consumer loses their most precious
asset and suddenly is thrown out on the street.
To placate angry homeowners who have to leave their
homes, some lenders offer "Cash for Keys." The lender
actually pays the homeowner to leave their homes
without a fuss, hoping thereby that they will never be
held accountable for their outrageous conduct.
If you think you think you are a victim of wrongful
foreclosure give us a call for a free consultation.
lawyers is mortgage companies tricking their
customers into allowing their homes to be foreclosed.
This usually happens when a customer suffers some
sort of financial setback and gets behind on their
mortgage payments. Being honest and responsible
individuals they usually contact the mortgage servicer
to try to work something out. Often company offering
to help them.
When the customer contacts the mortgage servicer
they are usually met with great optimism about the
prospects of restructuring the mortgage to help the
customer through their difficulties. The customer is
lulled into a false sense of security by this and thinks
all they have to do to avoid foreclosure is cooperate in
the refinancing process. They are told not to
worry---just fill out some paperwork and everything
will be okay. Unfortunately, this is often false
optimism and, sometimes pure deception.
While the innocent customer is busy filling out endless
forms and retrieving bank records, pay stubs, tax
returns and the like, the foreclosure process is
continuing uninterrupted. As the foreclosure date
approaches the consumer starts to worry and voices
their concern to mortgage servicer, but they are
usually reassured that the refinance is just about to
come through and promised that, when it does, it will
cure everything and stop the foreclosure.
Far too often the refinance does not come through and
when foreclosure day comes the consumer loses their
home. It's difficult to say whether the lenders and
mortgage services intended this result all a long, or
were just grossly negligent in handling the refinance.
Either way, the consumer loses their most precious
asset and suddenly is thrown out on the street.
To placate angry homeowners who have to leave their
homes, some lenders offer "Cash for Keys." The lender
actually pays the homeowner to leave their homes
without a fuss, hoping thereby that they will never be
held accountable for their outrageous conduct.
If you think you think you are a victim of wrongful
foreclosure give us a call for a free consultation.
| A Full Service Law Firm Since 1976 972-260-2240 All attorneys are licensed by the Supreme Court of Texas and admitted to practice before the United States District Courts for the Northern & Eastern Districts of Texas. William L. Manchee is also admitted to practice before the United States Tax Court. The firm assists clients in filing bankruptcy and therefore is a Debt Relief Agency. No one in the firm is board certified in any area of specialization. |