Threatened with Foreclosure House Owners are now Seeking Recourse
Threatened with foreclosure house owners are now seeking recourse – no longer accepting things meekly without putting up a fight.
One of them flexing muscles is Ricky Rought who had paid cash money to Deutsche Bank National Trust Company for a cabin with four rooms in Michigan. He wanted to refurbish it for his daughter. But the bank attempted to foreclose on it. According to court records the locks were tampered with and changed.
Another victim is Sonya Robison who is threatened with foreclosure in Colorado after the company dealing with her mortgage advised her to skip one payment to get even with the bank for altering the locks of her house.
Two residents of Kentucky, Thomas and Charlotte Sexton were foreclosed upon successfully by a trust that has no existence – according to court records.
With the disclosure of rob-signing and the announcement by lenders about reviewing errors in foreclosure documentation, an increasing number of house owners are now coming forward for being tragic victims of these mistakes of the banks. In many instances they are turning to the law for redress. Some house owners contend that the banks attempted to foreclose on houses that were not mortgaged. Others complain that the banks led them on to believe negotiations were in progress when they got stabbed in the back with foreclosure suit. Many argue that although they were delinquent they had the right to plead before being peremptorily evicted.
Consumer advocates are saying that they are now overwhelmed with house owners alleging that wrong has been done to them because of the sloppy operations of the banks. Rought is being represented by Joseph deMello who said that the common string running through these complaints is that the banks, overcrowded with massive number of foreclosures, resorted to taking the help of subcontractors to get the work done. He said, “No one double-checks anything. It’s completely high volume and that’s unfortunately what leads to this”.
Perhaps the truth will never come out about the exact number of house owners who entertain legitimate grouses against the lenders because the lenders never give out this type of data and also because the majority of the sufferers endure in silence without going to court.
The robo-signing issue has resulted in many mega banks temporarily suspending foreclosures. The banks are dismissing the problem as a mere technical one. The reality is that many of the house owners were delinquent and as such in the long run they will lose their houses, once the banks get their houses in order.
