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  • Mary K. Lenahan, J.D., Realtor

CitiMortgage Loan Modification Abuse? Class Action Filed


Class Action Against CitiMortgage for Loan Modification Fraud

Class Action Against CitiMortgage for Loan Modification Fraud

I volunteer at the Public Counsel Bankruptcy Self Help Desk in Los Angeles a few times per month.  During that time I have spoken to people who were forced into Bankruptcy by their Mortgage Lenders who, simply stated, defrauded the homeowners on loan modifications.

I learned from other attorneys who work at the Public Counsel Bankruptcy Self Help Desk that their stories are not uncommon.

The story goes like this:  The lender gives the homeowner a “temporary” or “trial” loan modification.  The homeowner performs 100% during this trial period; never late on a single payment.  At the end of the 2 year trial period, however, the lender tells the homeowner that the homeowner doesn’t qualify for a permanent loan modification!!??

It gets worse.  “We [the Lender] want the $25,000 in the deferred payments NOW!  No re-payment plan is available.   It’s Pay Now or We [the Lender/Servicer/Purported Note Holder(s)/Whoever] Will Foreclose!

Apparently facts exist that may show CitiMortgage indulges or indulged in abusive loan modification behavior and a class action(s) against CitiMortgage is presently being pursued by the law firm, Milberg, LLP.

For more information see: http://cases.milberg.com/citimortgage/

Resources for Mortgage Modification are listed in Class Action Against Bank of America for Abusive Loan Modification Consolidated with over 20 Other Action

Related post:  http://wfhmcaught.blogspot.com/2011/03/why-is-iowas-attorney-general-helping.htmlhttp://wfhmcaught.blogspot.com/2011/03/why-is-iowas-attorney-general-helping.html

 

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2 Responses

  1. […] I volunteer at the Public Counsel Bankruptcy Self Help Desk in Los Angeles a few times per month.  During that time I have spoken to people who were pushed into Bankruptcy by their Mortgage Lender who, simply stated, defrauded the homeowner on a loan modification.  The story goes like this:  The lender gave the homeowner a "temporary" or "trial" loan modification.  The homeowner performed 100% during this trial period, never late on a payment.  A … Read More […]

  2. […] number of 6:10-cv-00051. A copy of the Complaint in that action on 6-29-10 is attached. See CitiMortgage Loan Modification Abuse? Class Action Filed . Possible Sources for Help against Abusive Loan Modification If you have been a victim of loan […]

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