Erin Gilmore< erin@classaction.org A proposed class action lawsuit alleges that The Estates LLC and several co-conspirators have engaged in a “bid-rigging” scheme to manipulate foreclosure sales in North Carolina. Alleging violations of the Sherman Antitrust Act, the 27-page complaint claims defendants The Estates LLC; The Estates (UT), LLC;...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]J.C. White Law Group PLLC and Blue LLP have filed a class action lawsuit in the U.S. District Court for the Middle District of North Carolina on behalf of property owners who lost their homes and properties to...
Stopping a foreclosure – even after the sale date. Paying past due mortgage or car loan payments over time even when the lender will not work with you. Keeping assets you would give up in a Chapter 7 bankruptcy. These are all reasons why a consumer would consider...
Once you get behind on your home mortgage, one of the first fears that you may have is losing your home through foreclosure. It is important to understand how the foreclosure process works, what to expect if you get a Notice of Foreclosure, and why...
[caption id="" align="alignright" width="240"] Foreclosure (Photo credit: zane.hollingsworth)[/caption] You know you’re in financial trouble, so you’ve tried to do the right thing by negotiating mortgage terms with your bank. You want to be a responsible person and live up to your debt obligations, but if your...
[caption id="" align="alignright" width="300"] English: Sale by owner previous to foreclosure. (Photo credit: Wikipedia)[/caption] Homeowners in the Raleigh-Durham area who are facing foreclosure or who are experiencing financial difficulty sometimes consider using a short sale as a way to get out of trouble. But what, exactly,...
Nearly five years after the height of the subprime mortgage crisis that led to the current economic slump, mortgage servicers are still sorting through the ripple-effects. Earlier this year, ten of the country’s largest banks reached a settlement with federal regulators for foreclosure abuses in...
The Home Affordable Mortgage Program (HAMP) – the government-funded loan modification program that offers help for people who have fallen behind on their mortgage to stay in their home – was fatally flawed from its inception. The administration acted as though banks are run by...
In October 2010 the attorneys general of 49 states and the District of Columbia, along with the federal government, began to investigate banks and mortgage servicers to determine their role in the recent mortgage crisis. They looked at some of the largest banks and mortgage...