McGookey Law Blog

WHAT CONSTITUTES FULL DISCLOSURE IN HOME PURCHASES TED AND SALLY’S STORY

Share on Facebook
Tweet
WHAT CONSTITUTES FULL DISCLOSURE IN HOME PURCHASES TED AND SALLY’S STORY   CAVEAT EMPTOR NO MORE! Years ago, Ted and Sally would have been out of luck legally when the seller of their home didn’t disclose that he had had water in the basement coming in through cracks in the walls. That’...
Read more......

MORTGAGE SERVICER JUMPS THE GUN ON FORECLOSURE ADAM AND SANDY’S STORY

Share on Facebook
Tweet
MORTGAGE SERVICER JUMPS THE GUN ON FORECLOSURE ADAM AND SANDY’S STORY     SAVE THE DREAM TO THE RESCUE! When Adam was laid off from his job as a boat captain a year ago, he and his wife Sandy faced serious financial issues. Their household income was reduced by almost 90%. This meant ...
Read more......

COTENANCY PRODUCES GRIDLOCK CAROL’S STORY

Share on Facebook
Tweet
COTENANCY PRODUCES GRIDLOCK CAROL’S STORY  UNINTENDED CONSEQUENCES Carol’s problem occurs all too often when children inherit real estate from their parents. In her case, her father left a cottage on a Lake Erie Island to Carol and her two brothers and sister. No doubt dad thought a little get-...
Read more......

DEVIL CAN BE IN THE DETAILS WHEN BUYING A HOME ZACK’S STORY

Share on Facebook
Tweet
DEVIL CAN BE IN THE DETAILS WHEN BUYING A HOME ZACK’S STORY   ON THE MOVE As we all know, Spring is a time when many people decide to look for a new home. Such is the case with Zack. He contacted us to ask a question we’ve been asked many times before; “What do I need from a legal ...
Read more......

BANK LOSES RECORDS

Pete and Kim's Story

Share on Facebook
Tweet
BAD JOKE Pete and Kim’s story reminds me of a joke I heard years ago when the banking/foreclosure crisis was in full swing. It went like this; “What happens when you ignore the fine print in the bank’s documents?” The answer being “fines, penalties, fees, add-ons, charges and costs”. Going on, ...
Read more......

Invest in Sandusky!

The Story of Our Proud City

Share on Facebook
Tweet
DOWNTOWN BOOMING Sandusky is on a roll. New restaurants and bars serve as the foundation for a bustling downtown, both during the day and nighttime. And more is on the way. As the old saying goes; “Success breeds success”, and Sandusky’s growth will certainly lead to even more. As an example, an ...
Read more......

Foreclosure Shows Servicer Hypocrisy

Kathryn's Story

Share on Facebook
Tweet
JUST KEEP IT SIMPLE All Kathryn wanted to do was keep it simple. Her husband having passed away, she decided to move to another city. She kept her home and rented it out, not knowing for sure that someday she wouldn't want to move back. The rent money allowed her to make her mortgage payments. ...
Read more......

Insurance Company Pays Homeowner's Damages

Ted's Story

Share on Facebook
Tweet
BUYERS DOA NUMBER When Ted got a phone call from the couple who was buying his home on a land contract telling him they were moving out of State and were not going to complete the purchase, little did he know that his problems were just beginning. Upon inspecting the home, he discovered ...
Read more......

Nationstar Strives for Image Change in the Form of Mr. Cooper

Phil and Paula's Story

Share on Facebook
Tweet
WHO IS MR. COOPER AND WHERE DID HE COME FROM Nationstar Mortgage Company, one of the country largest home mortgage loan servicers, announced in August of this year that it was changing its name to "Mr. Cooper”. To those of you who may think this is a joke, please be assured it is not. Instead, it's ...
Read more......

Problems at Ocwen

Brandi's Story

Share on Facebook
Tweet
LAWSUIT ONSLAUGHT The past five years have not been kind to Ocwen Financial Corporation and its subsidiaries, including Ocwen Loan Servicing. In 2013, 49 state attorney generals sued it and others for abusive mortgage servicing practices. That suit ended in a Consent Judgment whereby Ocwen ...
Read more......

Home Improvement

Brian's Story

Share on Facebook
Tweet
FAMILY ROOM It was simple at the beginning. Brian wanted to add a family room on the back of his home to provide room for everyone to be together. The contractor drew up the plans, which were quite detailed, and Brian approved them. He and his family were on their way to many good times with ...
Read more......

What are Your Options When a Parent Dies While Facing Foreclosure?

Share on Facebook
Tweet
Dealing with a parent's unexpected death is never easy. Amid the shock and grief you're experiencing can also come worries about more logistical matters, from taking on responsibility for any pets left behind to liquidating your parent's estate. These matters can become even more complicated if you ...
Read more......

How Real Estate Attorneys Protects You

Share on Facebook
Tweet
The role of a competent attorney is to serve your best interests. As a fallout of the economic downturn we have experienced over the last 10 years, many homeowners are finding themselves under threats of foreclosure. You need an attorney to advocate for your rights! WAYS THE MCGOOKEY LAW OFFICES ...
Read more......

Can I Sue My Bank Part 4: The Notice of Error Rule

Share on Facebook
Tweet
EUPHEMISMS AT WORK For more than 20 years, our government has taken a hands-off approach to regulating Wall Street Banks and the banking servicing industry. Finally, in 2014, with the Consumer Financial Protection Bureau’s enactment of mortgage servicing rules meant to curb the widespread abuse, ...
Read more......

Can I Sue My Bank Part 3: The Accurate Information Rule

Share on Facebook
Tweet
UNHELPFUL SERVICERS The bottom line is that debt servicers — who are hired to collect payments on various kinds of debt, including mortgages — are totally unhelpful to borrowers with financial difficulties. The reason lies in the way they are paid. These servicers are paid as a percentage of the ...
Read more......

Can I Sue My Bank Part 2: The Early Intervention Requirement

Share on Facebook
Tweet
NOT YOUR GRANDMOTHER’S MORTGAGE In this, the second installment of our ongoing educational series “Can I Sue My Bank?”, we thought that we would reiterate why education for homeowners facing mortgage issues is so important. Chances are very likely that your mortgage is critically different that ...
Read more......

Can I Sue My Bank Part 1: The Timely Response Rule

Share on Facebook
Tweet
REACHING OUT FOR MORTGAGE HELP We have talked with hundreds of homeowners who had been trying to get mortgage help for months or even years before coming to see us. Almost always the process entailed sending in countless documents, oftentimes the same ones over and over only to be told that they ...
Read more......

New Series: Can I Sue My Bank?

Share on Facebook
Tweet
McGookey Law Offices is pleased to announce a new series of articles and videos entitled “Can I Sue My Bank?” This series continues the mission of our Consumer Mortgage News and Foreclosure Stories to educate and inform homeowners, whether they are having mortgage problems or not, about the fraud ...
Read more......

Court Hands Ohio Homeowners a Major Victory against U.S. Bank & Wells Fargo

Share on Facebook
Tweet
Because most of today’s mortgages are securitized, that is bundled together by the thousands in  loan pools or trusts, questioning a bank’s right to foreclose, referred to as standing, is an important defense strategy for homeowners whose home is under assault. This is so since the securitization ...
Read more......