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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
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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
New Report Reveals Distressed Home Sales Rising
April 9, 2010 - A report released on Thursday shows that distressed sales make up a significant number of home sales in the United States. According to reports at DSNEWS.com, nearly 30% of home sales in January were short sales or what is known as REO sales.
REO, or real estate owned, sales occur when a lending institution sells a home that it has acquired through a foreclosure. In a short sale, the homeowner sells their home for less than what they owe on their mortgage, which must be approved through the lender.
The report was released by First American CoreLogic. According to its statistics, the number of distressed home sales in January is the second-highest monthly number in history. The highest number of distressed home sales came in January 2009, when 32% of all home sales were REO or short sales.
In some particularly hard-hit areas, distressed sales make up a majority of all home sales. Riverside, Calif., Las Vegas, Nev., and Sacramento, Calif. all have distressed sales that total around 60% of total home sales.
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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