Tag Archives: foreclosure

A Pair of Recent California Cases Expands Borrowers’ Remedies for Negligent Handling of Loan Modifications and Wrongful Foreclosure

Posted on December 17, 2014 by K. Greg Peterson

Alvarez v. BAC Home Loans Servicing, L.P. (2014) 228 Cal. App. 4th 941 Plaintiffs Arnulfo and Consuelo Alvarez and Enrique and Ofelia De Haro sued their lenders, BAC Home Loans Servicing, L.P., Bank of America, N.A., and ReconTrust Company, N.A. … Continue reading →

Posted in Uncategorized | Tagged Alvarez v. BAC Home Loans Servicing, equitable cancellation, Fonteno v. Wells Fargo Bank, foreclosure, HAMP, L.P., loan modification, N.A., negligence, trustee sale, trustee's deed | Leave a comment

California Counties Take A Closer Look at Eminent Domain Homeowner Bailouts While Legal Experts and Industry Leaders Debate Its Legality

Posted on August 24, 2012 by K. Greg Peterson

San Bernardino County is moving forward with its plan to explore the option of using eminent domain to seize underwater homes in an effort to staunch its foreclosure crisis. I previously blogged about San Bernardino taking a first step in … Continue reading →

Posted in Uncategorized | Tagged default, eminent domain, foreclosure, Joint Powers Authori, joint powers authority, Mortgage Resolution Partners, San Bernardino County, Securities Industry and Financial Markets Association, underwater mortgages, upside-down mortgages | 1 Comment

California Rejects Offer from Banks in Nationwide Foreclosure Settlement Negotiations

Posted on February 2, 2012 by K. Greg Peterson

California Attorney General Kamala Harris has rejected the most recent offer from ongoing settlement negotiations between the nation’s 50 states and several large US Banks. A spokesperson for the AG’s office said “the deal does not suffice for California” and … Continue reading →

Posted in Uncategorized | Tagged $25 billion settlement, 50 state foreclosure settlement, California attorney general, Center for Responsible Lending, false claim laws, foreclosure, foreclosure settlement, Kamala Harris, loan origination, loan origination fraud, mortgage securitization, nationwide foreclosure settlement discussions, state attorney generals | Leave a comment

Massachusetts First State to Sue Big Banks for Improper Foreclosure Practices

Posted on December 2, 2011 by K. Greg Peterson

The Attorney General of Massachusetts has filed suit in Suffolk County Superior Court against Bank of America, Chase, Wells Fargo, Citigroup, Ally Financial, and MERS alleging 1) unfair and deceptive foreclosure practices by conducting foreclosures when they lacked the right … Continue reading →

Posted in Uncategorized | Tagged attorney general, deceptive foreclosure practices, false documentation, foreclosure, litigation, loan modification, mortgage, real estate | Leave a comment