Archive | January, 2013

INDYMAC GETS THE SHAFT IN FEDERAL COURT

FDIC vs. Construction Lenders Jury Verdict: IndyMac Bankers Liable for $169 Million By Steve Nelson, J.D.:  December 10, 2012 Jurors awarded this $169M verdict (PDF) against three former IndyMac Bank executives for originating dubious construction and development loans. It happened last Friday in Los Angeles at the US District Court for the Central District of California. $169M Verdict Against Former Indyac […]

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US banks agree an $8.5 billion foreclosure settlement

From Attorney John R from Washington DC —– SETTLEMENTS ARE A FALSE HOPE FOR THE HOMEOWNER We follow this weblog and Garfield’s Living Lies regularly for the latest in current trends and information We are writing this to disclose a troubling trend of political deception about the real state of the housing crisis. As of […]

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Violate HUD and a TRO will be given by the court.

Recent California case you can find on Neil Garfield’s site Living Lies in which we cite an appellate decision pro-homeowner:  If the bank fails to comply with HUD guidelines [contact and work out payment issues with borrower] a TRO is appropriate enjoining foreclosure. We are starting our 8th year saving homes and helping borrowers fight the […]

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