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Foreclosure

Foreclosure Sign in Front of Home

How would you feel if a “faulty calculation” caused you to lose your home? The complaint for this class action alleges that that’s what happened to two couples, and many more homeowners, due to Wells Fargo’s denial to them of mortgage loan modifications.

House with "For Sale" and "Foreclosure" Signs in Front

This is one of a number of class actions filed over recent years that allege that companies have played fast and loose when securitizing mortgages, and then again when executing foreclosures on the residential property covered by those mortgages. The complaint claims that foreclosures were undertaken with fraudulent mortgage assignments and note endorsements, improperly putting people out of their homes and selling those homes to others, without having proper standing or proof of assignment of mortgages. 

Wells Fargo Logo

In 2018, Wells Fargo revealed that “a calculation error” in the software it used to for the modification of mortgage loans. That error resulted in 870 homeowners being denied mortgage modifications they should have gotten. This class action is brought by a couple who were among those wrongly denied a modification. 

Houses Made of Hundred-Dollar Bills Stacked Up Together

Plaintiffs Clyde and Michelle Igarashi claim that their home was illegally foreclosed on by parties who did not own their mortgage. The central allegations in this class action involve a long list of defendants and the ways that the turning of mortgages into mortgage-backed securities (MBSs) or “trusts” has led to a clouding of title and improper foreclosures in Hawaii.

Rushmore Loan Management Logo

The complaint for this lawsuit has been written by two non-lawyers, asserting claims in connection with foreclosures, mortgage-backed securities (MBSs), and allegedly forged documents. Its essential charge is that the parties who foreclosed on the plaintiffs’ home had no right to do so, because they did not complete the proper documentation at the required time and/or cannot show proper documentation of ownership now. It alleges wrongful sale of the property and fraud, among other things. 

House with Foreclosure Sign

Did New Century sell a mortgage it did not in fact own? The complaint for this class action rests primarily on that allegation plus claims that amounts charged in connection with a subsequent foreclosure were excessive and improper. 

JPMorgan Chase Sign in Front of Building

People make painstaking payments over many years to pay off a mortgage, but it may take only a short run of difficulty to undo it all and lead to the disaster of foreclosure. The complaint for this class action claims that JPMorgan Chase Bank, NA foreclosed on the home of plaintiffs Dhimiter Llori and Natalia Hoshovsky before it was legally permitted to do so. It cites paragraph 9(d) of the mortgage contract, limiting a lender’s right to foreclose, and then a federal regulation requiring a face-to-face meeting between mortgagor and mortagee.

House with Foreclosure Sign

In January 2008, Plaintiffs Wyatt Duncan and Tykecia McCormick-Duncan obtained a mortgage loan for a home in Maryland. Unfortunately, in February 2015, they allegedly went into default, and their home was eventually sold at auction, after action by the then-assignee of the note, the Ajax 2016 Trust. The complaint makes a simple claim but one that could have far-reaching consequences: that the Duncans’ mortgage was a consumer loan, and that, since the loan was in default, the Ajax Trust was a collection agency and subject to the Maryland collection agency licensing laws. Since it is not licensed, the complaint claims, its actions in foreclosures and other types of collections should be void.