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Homeowners Fighting Back, and when the Judicial System actually lets them show their Evidence…Winning

December 12, 2013 1 comment

A Judge in Florida, whom I have a tremendous amount of respect for, made quite a ruling in November.  For years now homeowners have complained of rising payments on fixed-rate notes that were not explained to them by the banks other than an “escrow shortage” that couldn’t be accounted for.  For years now homeowners have claimed they were told to stop paying, by that very bank, to get a modification to fix the “escrow shortage” problem.   A modification the bank had no intention on giving, and developed internal controls to prevent.  Homeowners who claimed they tried to make the payments they contracted for and had payments sent back, all while the banksters convinced the legislative and judicial branches that those homeowners were just wanting to live “rent free” and not paying anything.  They didn’t bother to hold their returned checks in their hands like some of us have had to. 

When your payment rises over $1,000 a month and there really is no explanation for “mystery fees” or forced place insurance policies that are completely insane price-wise, then it’s time to speak up.  I’ve even seen earthquake insurance being force-placed on a North Florida panhandle resident (the USGS disagrees with that possibility however).  Finally a Judge who seems to understand that BOA deliberately inflated payments with no explanation and that force placed insurance and “mystery” fees are deliberate.  If you are in foreclosure because your payment “mysteriously” grew to where you couldn’t afford it, and then perhaps told to stop paying so a modification that would never happen would “fix” it, maybe it wasn’t a mistake.  Maybe it was a scheme to get those overpriced loans off the books that the banks should have never made in the first place and later realized such.  It’s a different world when a court of law actually allows you to present your evidence isn’t it?  When you, as a homeowner, are actually allowed due process?  Wow.  I can only imagine how much paperwork the bank threw at the homeowner to fight that in court.  Glad to see justice prevailed.  2013-11-21-085932-3

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