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Category Archives: Dangers of Foreclosure

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Wells Fargo Admits to Error That Cost Borrowers Their Homes

By Jacobs Legal |

When the economy tanked around 2007-2008, the government knew that something had to be done to help people keep their homes. One option that was created was the Making Home Affordable Program (also known as HAMP, or Home Affordable Modification Program). The HAMP Program The program was designed to modify home loans to a… Read More »

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Foreclosure Starts Spike in South Florida in July

By Jacobs Legal |

Anyone who remembers the wave of foreclosures that crashed over Florida a decade ago must be disturbed by a new study from Attom Data Solutions. The study shows that foreclosure starts spiked in South Florida for July, well over the levels of a year prior. In fact, the foreclosure rate for Florida was higher… Read More »

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Case Requires Bank to Show Compliance with FHA Requirements

By Jacobs Legal |

For the most part, every mortgage and note are generally the same (at least in Florida, and if we’re talking about first mortgages on residential property). That is, they use the same basic language, with the same requirements imposed on the lender and the borrower. FHA Loans But FHA loans are a little different…. Read More »

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Free Mortgages to Veterans From Country Singer

By Jacobs Legal |

Popular country singer Tim McGraw announced that on each of the remaining stops of his tour this year, he plans to give away a mortgage-free home to a U.S. veteran of the armed forces. The singer’s web site indicates he and Operation Homefront have gifted more than 100 homes to veterans and their families…. Read More »

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Banks Argue for Reduced Fines for Zombie Foreclosures

By Jacobs Legal |

A bank is lobbying for a 90 percent reduction on city fines issued for code violations after allowing a 2011 foreclosure property to lie vacant and unkempt in a neighborhood for the last four years. Wells Fargo is asking that the $57,000 in fines be reduced down to $5,700 after the bank took corrective… Read More »

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Miami Foreclosure Defense Watch: Widow Claims Bank Foreclosure Killed Husband

By Jacobs Legal |

The wife of a retired minister is suing JP Morgan Chase, claiming the bank’s foreclosure action caused her husband’s fatal heart attack. Miami foreclosure attorneys understand the enormous stress and pressure dealing with a foreclosure action can cause homeowners. Unfortunately, banks have run roughshod, with little or no regard for the rights of property… Read More »

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Multi-Billion Dollar Bank Settlement Won’t Stop Miami Foreclosure Fraud

By Jacobs Legal |

A recent article about the problems with the bank industry concluded that despite ongoing settlement talks between banks and state governments, foreclosure fraud and securitization fraud will continue for those involved in Miami foreclosures. Miami foreclosure defense lawyers have witnessed the major problems with securitization of mortgages and how the buying and selling of… Read More »

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Big Bank Settlement Might Not Help Those in Miami Foreclosures

By Jacobs Legal |

For the better part of a year, the Obama administration has pushed state attorneys general to agree to a $25 billion settlement with banks, though it would do little to help homeowners stuck in Miami foreclosures, those with underwater mortgages or those that see strategic default as their only option. This settlement will squeeze… Read More »

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Three Families Fight Miami Foreclosures Because of Bank Problems

By Jacobs Legal |

CNNMoney recently reported on the troubles that three separate families are going through with foreclosure, but because of paperwork problems and mortgage servicers going bankrupt that have forced the families to relocate, consider strategic default and lose their house to foreclosure. Being saddled with a Miami foreclosure can be a heart-breaking experience, especially for… Read More »

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Newest Bank Problem: Force-Placed Insurance on Miami Foreclosures

By Jacobs Legal |

Banks are now coming under fire not only for their mishandling of many Miami foreclosure cases, which has led to people considering strategic default on their underwater mortgages, but now officials are being questioned about whether they forced people into buying insurance through companies with which they have ties. As we wrote on our… Read More »

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