The Home Equity Theft Reporter: Connecticut AG Files Suit Against Out-Of-State Company Running Allegedly Bogus Upfront Fee Loan Modification Scam

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Richmond American Debuts First Model Homes in Greater Portland

Yet another nightmare story has emerged involving a mistaken foreclosure. Bank of America reportedly put a Connecticut family’s home in foreclosure despite the fact that the couple never missed a payment — and was actually in the process of refinancing their mortgage with the bank. Alternate site: Huff Post: CT WatchDog

Generally, the loss at­tributable to the false statement is the amount of the out­standing loan, less any amount recouped by the bank from assets pledged against the loan, less the estimated amount the bank would have lost had the statement not been false. U.S. v. Wilson, 980 F.2d 259 (4th Cir. 1992).

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New Report Says Conferences Prevent Foreclosures But Strain NY Courts by Andrew Keshner, New York Law Journal, November 29, 2010 Issue [New York’s] Mandated pre-foreclosure conferences have become increasingly effective in helping to keep people in their homes, but the labor-intensive proceedings are straining court resources and have contributed to an "unprecedented" shift in the civil.

Connecticut AG Files Suit Against Out-Of-State Company running allegedly bogus upfront fee loan Modification Scam In Hartford, Connecticut, the Hartford Courant reports: The state is suing a South Florida mortgage rescue company that charged Connecticut homeowners tens of thousands of dollars but failed to help them avoid foreclosure.