This Is One Way To Battle Illegal Loan Mod Marketing

Hollywood Mayor Starts Robo-Call Campaign Against Companies

Carli Teproff, Miami Herald

signs for illegal loan mods You see them everywhere — those unsightly and illegal signs advertising companies looking to buy homes or rescue someone from foreclosure that clutter public right-of-ways.

Most of them give phone numbers, telling people to call.

And Now Hollywood Mayor Peter Bober is on a mission to give them what they want — calls, lots of ’em.

This week, the city started using a robo-call system to plug in the numbers advertised on signs. The robo-calls will dial the number over and over again, until the company pays a fine for putting the signs up.

The first offense is $75, the second is $150, the third is $250 and then if there are additional offenses the business must appear in front of a magistrate.

“I think this is an opportunity to beat these entrepreneurs at their own game,” Bober said, saying offenders can receive as many as 20 calls a day. “They wanted calls, now they are going to get them.”

Bober began his mission two years ago with a contest meant to remove the signs. He promised the person who removed the most illegal signs and brought them into City Hall would receive $500.

Now, he’s urging residents to participate in the calling campaign.

“When you see snipe-signs littering the city, I want you to call the number and tell the nice person who answers to stop littering public rights-of-way and remove their ridiculous, plastic, snipe signs,” he wrote in the city newsletter New Horizons.

Snipe signs are any type of makeshift sign advertising anything from junk cars to real estate to education courses. Although they pop up everywhere, there is a forest of them in the medians and along the sidewalks of main thoroughfares such as Dixie Highway and State Road 441.

Hollywood Police Maj. Joseph Healey said the signs — which are prohibited by city code — have been a drain on the code enforcement department, with the nearly dozen officers starting everyday with removing the eyesores.

 

Share

Stand Up! Stand Up For Your Rights!

If you are having trouble getting your loan modified, you should read this article as well: http://www.mfi-miami.com/2010/04/the-real-reason-banks-wont-modify-your-loan-and-it-involves-grandmas-pension/

Raging against the foreclosure machine

‘Kafkaesque’ nightmares plague homeowners facing foreclosure

Ben Hallman, iWatch News

Like millions of stories from the great recession, this one begins with homeowners struggling to keep up with a mortgage payment they simply couldn’t afford.

By 2009, the adjustable interest rate for Cassandra and Bernard Gray’s Durham, N.C., home loan had spiked to more than 12 percent. “I didn’t know if we were going to be on the street or in a shelter,” Cassandra recalls. “We couldn’t afford groceries. It got pretty bad.”

They were thrilled to sign up for a modification plan with their loan servicer, GMAC Home Mortgage, Cassandra Gray said.

The modification lowered their payment from $1,128 to $768 per month. But after three months, GMAC began returning their payments, the Grays claim in a complaint filed with the North Carolina Commissioner of Banks.

GMAC customer service representatives told them there was a “computer glitch” and that the problem would be resolved. Instead, GMAC twice started a foreclosure action.

GMAC claimed it had no record of any payment being received. The Grays have submitted bank statements that appear to show GMAC returning the $768 payment — several times. GMAC has since assessed more than $20,000 in interest and fees.

“I thought I was doing the correct thing” by obtaining a loan modification, Cassandra Gray said in a recent interview. “But I came home one day and there was a foreclosure notice on my door and a sign in my yard. I called constantly, but it was as if the dots were not connecting.”

A North Carolina clerk of court recently dismissed the foreclosure on grounds that GMAC had not properly demonstrated that it had standing to bring a foreclosure. But once GMAC gets its documentation in order, the loan servicer can foreclose again.

Read more here

Share

BofA Impeding Criminal Mod Investigation By Buying Off Homeowners

AZ AG Says Bank of America Settlements Impede Fraud Probe

Karen Gullo, Bloomberg

Bank of America Corp. is impeding an investigation of its loan modification practices by negotiating settlements with borrowers who must agree to keep them secret and not criticize the bank in exchange for cash payments and loan relief, Arizona officials say.

The Arizona Attorney General’s office is asking a court to block those aspects of the settlements and require the bank to turn over all the agreements. The bank denies any wrongdoing.

One 2011 accord involving a borrower facing foreclosure who defaulted on a $253,142 mortgage included a $5,000 payment, plus $7,500 for legal fees, and the defaulted payments were waived and the loan was modified to a 40-year term with a 2 percent interest rate, court documents show. The terms of the original loan and the borrower’s complaint about the lender weren’t described in the documents.

The borrower “will remove and delete any online statements regarding this dispute, including, without limitation, postings on Facebook, Twitter and similar websites,” and not make any statements “that defame, disparage or in any way criticize” the bank’s reputation, practices or conduct, according to documents filed in state court in Phoenix. The borrower’s name and address were redacted.

Non-Disparagement

Bank of America attorneys argue that borrowers don’t have to sign the agreements to get a loan modification and deny that settlements hinder the state’s probe. Borrowers can be subpoenaed to disclose the accords, and the Charlotte, North Carolina-based bank won’t enforce the non-disparagement provision if they talk to investigators, the bank’s lawyers have said in court filings.

Read more here

Share

Violent Ex-Felon With Ties To Prison Minister’s Foreclosure Rescue Company Scams $5500 From Homeowner

Minister And His Wife Defend Scammer

A family loses their home to tax foreclosure and then one day a mysterious stranger comes to the door claiming to be the new owner and demands $5500 or he will throw them out the next day.  The mysterious stranger is actually a violent ex-felon with connections to a real estate investment firm owned by a prison minister who counseled the scammer in prison and now the minister and his wife are defending the scammer.

Rob Wolchek from Fox2 in Detroit tries to get to the bottom of this:

Ex-Convict Accused of a Dirty ‘Deed’: MyFoxDETROIT.com

Share