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Wrongful Bank Foreclosure
- Bank Bail-Out II, the Sequel: How the Banks Got a Mulligan in the Wrongful Foreclosure Crisis
- Massachusetts Attorney General’s Foreclosure Lawsuit Applauded by Private Consumer Attorneys
- 4 Million Borrowers May be Eligible for Review of Foreclosures
- Mortgage Deficiency
- Will a Massachusetts bank approve a short sale?
- Should I short sell my Massachusetts home?
- What happens during a Massachusetts short sale?
- What is a short sale in Massachusetts
- Soldier returns home from Iraq to foreclosure
- What happens during a wrongful foreclosure, illegal lock-out and trash-out?
News
- Posted on 2/8/2012Robo-signing Foreclosure Scandal Leads to Criminal Charges for Lorraine O. Brown and DocX
- Posted on 10/18/2011Attorney General Martha Coakley May Sue for Foreclosure Abuses
- Posted on 8/26/2011Couple faces foreclosure after paying mortgage early
- Posted on 8/23/2011Bank of America admits error in foreclosure case
- Posted on 8/23/2011springfield approves anti-foreclosure laws
Library
Testimonials
- "I sent this letter certified after receiving the free guide [from] Phillips & Garcia P.C. Saved Foreclosure. Thanks a million!" A.D. from Colorado
- After seeing first hand what you are up against concerning the big banking companies, we are even more amazed that you are willing to fight the fight. The little guy needs your help and your fearless attitude. You are good people and true Americans. We are honored to be called your friends. R.R. - Mich., Lockout & Trashout Victim
- The attorneys were very professional and I felt as though they always had my best interest in mind. Without them I would have been pushed around and just another number to the bank. N.L., Wrongful Lockout Victim
- Thank you Mr. Phillips. If we hadn't found you the [Bank] would have foreclosed on our property and I can't imagine the misery that they would have caused. S.N. - Arizona
More than 11 Million Mortgages are Underwater
April 2, 2010 - Washington - New numbers show that more homeowners in the United States are underwater than was previously predicted. What is an underwater home loan? In effect, you are "underwater" on your mortgage if you owe more on your home loan than your house is worth.
According to a report in the USA Today, 11.3 million homes in the United States can currently be defined as underwater. Not only does being underwater put these homeowners at risk for foreclosure if their payments keep rising -- a real problem for those with adjustable-rate loans -- but it obviously wipes out any equity they had in their home.
USA Today asked First American CoreLogic to estimate when homeowners could begin to emerge from negative equity, based on historical housing price increases and trends. For Boston, Massachusetts, First American CoreLogic estimates that most underwater homeowners won't see positive equity return to their homes until 2017. The numbers are even worse for areas like Las Vegas, Detroit and Pittsburgh, who may not see their equity become positive until 2020 or later.
Last week, the Obama administration announced new plans to help underwater homeowners reduce the principal and interest rate on their home loans.
Legal Help for Wrongful Foreclosure and Seizure in Any State. Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home. We are licensed in Massachusetts and associate with a qualified attorney in your state.
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imagine; I have finally done my research and now I know that I am a victim of this whole system gone wrong. The only was to handle it now is to litigate. I am looking for help and a class action suit.