January 25 & 26, 2011 - in Brooklyn - Wells Fargo represents that homeowners seeking loan modifications can meet with representatives and get immediate decisions.
Please call 1800-405-8067 for further information.
Tuesday, January 11, 2011
Thursday, January 6, 2011
Homeowner Beats Bank of America In Small Claims Court
On January 4, 2011, the Huffington Post's Arthur Delany reported a homeowner who was successful in bringing Bank of America into California's Small Claim Court and being awarded $7,595 after the Bank denied him a loan modification.
Dave Graham, the homeowner told the Huff Post, "It was a good victory for me and I think for homeowners around the country." This author agrees.
What is supposed to be a three month trial, the bank dragged on for 18 months - an all too common occurrence; at which point the Bank informed the homeowner that he did not qualify for a loan modification and the Bank demanded immediate payment of approximately $7,000 (the difference between the normal mortgage payment and the modified trial payments), or the Bank would foreclose on the property.
Graham was successful in bringing his case into the Small Claims Court. The Bank states that they will appeal - something they can do in California. Let's see what happens....
Dave Graham, the homeowner told the Huff Post, "It was a good victory for me and I think for homeowners around the country." This author agrees.
Graham was successful in bringing his case into the Small Claims Court. The Bank states that they will appeal - something they can do in California. Let's see what happens....
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