Category Archives: Problems with Loan Servicing
Student Loan Debts May Be Wiped Clean, Part 2
A recent report by The New York Times details how billions of dollars in student loan debts have the potential to be wiped clean because of lapses in paperwork tracking – mirroring what happened during the 2008 housing crisis. At the center of this controversy is an organization called National Collegiate Student Loan Trusts…. Read More »
Report: Loan Servicing Continues to Fail Borrowers
Loan servicing is the process by which the borrower – either of a home loan or student loan – entrusts the daily management of that loan repayment to a third party. That third party is supposed to handle the loans on behalf of the owner, directing payments through the system and deciding how best… Read More »
Student Loan Delinquencies on the Rise, Report Says
The latest report from the Federal Reserve Bank of New York indicates a quarter of all borrowers whose loans have come due are severely delinquent. That tells us the percentage of Americans who have fallen further behind on student loan debts has spiked over the last 12 months, even though other measures indicate an… Read More »
Some Officials Are Trying to Show That Miami Foreclosures Are Criminal
As we have come to learn, banks have attempted to take away people’s homes, even when they had no legal right. They robo-signed documents and created paperwork to try to show that they had legal standing to take a person’s house away. But judges nationwide have been persuaded by Miami foreclosure lawyers and others… Read More »
Why Is Robo-Signing in Miami Foreclosures Still Ongoing?
The Obama administration continues twisting the arm of every attorney general in the nation to settle with banks over robo-signing and other offenses during the housing burst, which caused strategic defaults, short sales and millions of foreclosures in Miami and elsewhere. As San Francisco Bay View points out, the settlement with banks that the… Read More »
Waiting on a Real Government Bailout For Miami Foreclosures? Don’t Bet On It
The New York Times reported recently it’s unlikely that Washington lawmakers will come up with a significant program to help homeowners struggling with foreclosure in Miami. That’s not all that shocking, considering that the programs of the past have done little to help homeowners struggling with an underwater mortgage and in danger of foreclosure… Read More »
Stay at Home for Free throughout Miami Foreclosure Defense
A recent CNNMoney article suggests that homeowners who are willing to fight back against banks in a Miami foreclosure may be able to stay in their houses rent-free for as long as several years. Our Miami foreclosure defense lawyers have helped many homeowners by pointing out problems with bank documents, proving the robo-signing practices… Read More »
A Miami Foreclosure Is Not Only a Tragedy, But a Crime Scene: Part 3
In the first two blogs in this series, our Miami foreclosure defense lawyers looked at how banks are getting away with crimes because the Obama Administration seems to think what has happened in our country was simply the “least ethical” practices, but not crimes. The blogs also looked at how a small faction of… Read More »
A Miami Foreclosure Is Not Only a Tragedy, But a Crime Scene: Part 2
Our Miami foreclosure defense lawyers recently found a Politico article which makes the point that foreclosures shouldn’t just be treated as a life-altering problem, but also as a crime scene. What bank officials did has caused a momentous spike in Miami foreclosures and in the number of people who had to work out short… Read More »
Florida Supreme Court to Consider Miami Foreclosure Case Rife With Fraudulent Documents
The Florida Supreme Court has agreed to rule on a case out of Greenacres where allegedly fraudulent bank documents were used in support of a foreclosure, The Palm Beach Post reports. This case could have major implications on the cases of foreclosures in Miami and statewide. The use of robo-signing, fraudulent documents and other… Read More »
