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Category Archives: Bankruptcy and Foreclosures

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Bank of America to Pay $6M to Couple Bankrupted, Evicted

By Jacobs Legal |

An eight-year dispute over allegations of debt harassment, illegal foreclosure and a resulting bankruptcy has been resolved, with Bank of America agreeing to pay $6 million to the couple affected. The proposed settlement has reportedly affected every aspect of the family’s life. While $6 million may sound like a lot, it’s far less than… Read More »

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Obama’s Failure to Mitigate the U.S. Foreclosure Crisis

By Jacobs Legal |

There are a number of commendable accomplishments by President Barack Obama during his eight years in office. These were recently detailed in long-form story called, “My President Was Black,” by Ta-Nehisi Coates of The Atlantic. However, this profile of Obama is incomplete in one regard: It does not take into account his failure to… Read More »

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WSJ: National Mortgage Settlement Money Mostly Went to Gov’t

By Jacobs Legal |

The biggest banks in the country set in motion the events resulting in the mortgage crisis that would tailspin the nation into an economic depression. Millions of people conned into overpriced and risky mortgages lost their homes to foreclosure. Many also had to file for bankruptcy. To pay for this, the federal government finagled… Read More »

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Miami Rental Market Among Toughest in Nation

By Jacobs Legal |

Renters in Miami are being bled dry by a combination of sharply rising housing costs, stagnant wages and lower-than-average incomes. A report from the website apartmentlist.com, based on figures from the most recent 2014 U.S. Census, reveals that no other city in the county had as many renters as cost-burdened as those in Miami…. Read More »

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Judge: Money Rules America’s Court Systems

By Jacobs Legal |

The trial lawyers at Jacobs Legal have often noted the civil court system is skewed toward banks and other deep-pocketed entities. Even though courts are supposed to be one of those places where the playing field is even – justice being blind, and all that – there is much to suggest that is not… Read More »

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Editorial: Banks Rarely Held Accountable to Any Real Degree

By Jacobs Legal |

A number of large financial institutions are preparing to settle with the U.S. Justice Department over allegations they engaged in a massive price-rigging scandal that involved many trillions of dollars in foreign currency trades. The Justice Department has promised the settlement in this case will be far tougher than those negotiated in the past… Read More »

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Sen. Elizabeth Warren: Government Protected Wall Street, Not Families

By Jacobs Legal |

Democratic Senator Elizabeth Warren has been one of the very few voices in Washington that has consistently spoken out about systematic governmental failures in protecting average Americans. A Harvard professor and author, Warren ran the Congressional Oversight Panel, which supervised the bank bailout spending and helped launch the Consumer Financial Protection Bureau. In a… Read More »

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Home Equity Loans Could Make for the Next Foreclosure Mess

By Jacobs Legal |

During the housing bubble, many homeowners took out home equity lines of credit to tap into the equity in their homes. Now, an increasing number of those home equity loans have been outstanding for 10 years, which means that borrowers are required to start paying back principal while before they were just able to… Read More »

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Bankruptcy Judge Scolds Bank of America for Collections Policy

By Jacobs Legal |

A federal bankruptcy judge has ordered banking giant Bank of America to pay $10,000 for every month it continues to hound a couple whose mortgage loan was discharged in bankruptcy. Our Miami foreclosure lawyers know that bankruptcy law is quite clear on what it expects of creditors in the wake of a bankruptcy filing,… Read More »

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Report: Bank Sued Credit Card Users in Suits Riddled With Errors

By Jacobs Legal |

As federal regulators are gearing up to issue sanctions against J.P. Morgan Chase & Co. for a litany of mistakes the financial giant made while collecting old debts, an internal review by the firm has proven what has already been alleged. Our Miami consumer rights lawyers understand that the bank analyzed some 1,000 lawsuits… Read More »

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