National Guard Sergeant Sues Citigroup Over Foreclosure (via Blog for ShortSalePartnering.com)

Another “patriotic” American corporation in action.

They wanted to foreclose his house while he was on active duty, so they cut a few corners like telling the judge in the lawsuit that he wasn’t on active duty.

Is there no shame with these people? How many times did they get away with this?

James Pilant

Lee’s comments: Many of you may know that I am a veteran of the US Army myself, having served twice, both post and prior to the tragedy of 9/11/01. If you’re not aware, there is a law which is supposed to protect against this happening. This is simply a HUGE oversight on the foreclosing bank’s part which further illustrates the foreclosing bank’s lack-luster approach to handling the foreclosure process. THEY SHOULD ABSOLUTELY KNOW BETTER! I can a … Read More

via Blog for ShortSalePartnering.com

Beware of Foreclosure Rescue Scams (via RE/MAX Premier Group’s Blog)

I’ve been seeing these scams on the web and occasionally hearing them on the radio. These scammers are like vultures circling over people already in financial difficulties to extract their last dollar.

Business ethics? There really isn’t much to say. The people who run these scams are merely low life scum without any intention of providing any legitimate service. If there is no legitimate service in the first place, we are talking fraud.

If you are in foreclosure or near foreclosure – Follow the advice in this article.

James Pilant

Beware of Foreclosure Rescue Scams The threat of losing your home can lead some homeowners to take desperate measures to find companies who claim to reduce your monthly mortgage payment or take other steps to save your home. Unfortunately, there are many scam artists stealing millions of dollars from distressed homeowners by promising immediate relief from foreclosure. Keep this in mind: If the advice or information sounds too good to be true, it probably is. Don’t be taken advant … Read More

via RE/MAX Premier Group’s Blog

Hardshipping (via non-recourse life)

This is another of the human tragedies associated with the foreclosure crisis. I think the policy makers flying in their circles above us have forgotten that it is real people who need their consideration.

James Pilant

Last week I finally submitted my hardship letter (and other proofs of personal financial humiliation). It’s not my best writing, but I’ll post it for you voyeurs and short-selling plagarists out there. Heck, I stole the words “financial ruin” myself from another online hardship letter sample.  It had a certain ring to it. What I really wanted to say was: C’mon bank people, we all know why we’re here. Please just look at the documents I provided a … Read More

via non-recourse life