McGookey Law Blog

Foreclosure Shows Servicer Hypocrisy

Kathryn's Story

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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. ...
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Insurance Company Pays Homeowner's Damages

Ted's Story

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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 ...
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Flex Modifications: The Official Replacement for Hamp

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A new mortgage modification program has been introduced by the federal agency that oversees Fannie Mae and Freddie Mac loans. The new option is a replacement for the expiring HAMP modification program. Like HAMP, the new Flex Modification program is available to homeowners who have fallen behind on ...
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Nationstar Strives for Image Change in the Form of Mr. Cooper

Phil and Paula's Story

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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 ...
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Problems at Ocwen

Brandi's Story

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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 ...
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Home Improvement

Brian's Story

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

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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 ...
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Cold Feet

Ryan's Story

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HOLDING THE BAG Brian thought he had an agreement to buy a nice piece of real estate. However, it seems the seller disagreed. When he learned that he had undervalued the land, the seller turned his back on the deal, and demanded more money from Brian. In the meantime, Brian had spent thousands of ...
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Mortgage Modification with the Help of an Attorney

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The crash of the mortgage market brought with it an increase in the number of foreclosures brought against homeowners. Facing the loss of your home can be frightening, but there are some simple things that you can do to help preserve ownership of your property.Mortgage modifications allow your ...
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How Real Estate Attorneys Protects You

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

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

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

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

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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 ...
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New Series: Can I Sue My Bank?

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

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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 ...
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