NJ CLASS ACTION Silva v. Citimortgage ; Loan Servicer Allegedly Grabbed TARP Cash, Stiffed Loan Mod-Seeking Homeowners Hamp

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NJ CLASS ACTION Silva v. Citimortgage ; Loan Servicer Allegedly Grabbed TARP Cash, Stiffed Loan Mod-Seeking Homeowners Hamp

NJ CLASS ACTION  Silva v. Citimortgage ; Loan Servicer Allegedly Grabbed TARP Cash, Stiffed Loan Mod-Seeking Homeowners Hamp

via The Home Equity Theft Reporter a fantastic site!

  • The Complaint alleges that CitiMortgage accepted billions in government bailout money under the Troubled Asset Relief Program (“TARP”) earmarked to help struggling homeowners avoid foreclosure. CitiMortgage, like other TARP-funded financial institutions, is contractually obligated to modify mortgage loans it services for homeowners who qualify under HAMP, a federal program designed to abate the foreclosure crisis by providing mortgage loan modifications to eligible homeowners.
  • According to the lawsuit, CitiMortgage systematically slows or thwarts homeowners’ requests to modify mortgages, depriving borrowers of federal bailout funds that could save them from foreclosure. The bank ends up reaping the financial benefits provided by TARP-funds and also collects higher fees and interest rates associated with stressed home loans.

[ipaper docId=51354545 access_key=key-110nt06t5dzfjcbfh57p height=600 width=600 /]

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9 Responses to “NJ CLASS ACTION Silva v. Citimortgage ; Loan Servicer Allegedly Grabbed TARP Cash, Stiffed Loan Mod-Seeking Homeowners Hamp”

  1. Heidi says:

    Is wondering when someone from Pennsylvania is going to step up to file. It seems all other states are filing suit, what about us?

  2. Mary says:

    Is Kansas in this? I lost my home due to Citimortgage refusing to work with us. Before we had a loss of income for approximately 4 months I called Citimortgage to ask if we could modify our loan, defer 2 months to the end of our loan, anything, and was told they could not help unless we were in default. We lost approximately $1500 dollars per month income and used up all of our savings to stay afloat, the income loss lasted 2 months longer than predicted and we ended up having to file Chapter 7 bankruptcy. I filled out all of the forms they sent me, in the end I was told they could not help me. I lost land that had been in my family for over 90 years.

  3. Dee says:

    We NEED a class action suit going for the MISSOURI customers. CitiMortgage STOLE our home!!!

  4. PIA WINDWOLF says:

    I AGREE WITH DEE! WE DO NEED A CLASS ACT AGAINST CITIMORTGAGE IN MISSOURI.

    I AM DISABLED AND FOR THE SECOND TIME IN A YEAR THE ARE TRYING TO FORECLOSE ON ME.

  5. b Kehoe says:

    how do I find out if I can be part of this class action? I am in nj and they are trying to take my home and I am waiting to be approved for disability and I was offered a modification with an ADJUSTABLE rate

  6. Irene Bailao says:

    Please does anyone know of firm in NJ that handles class action against Bank of America. We applied once with what they call an in house modification with no success and once through gov. HAMP.both times with them constantly delaying the process by constantly asking fo the same documents to be updated.Scammed by an aattorney for 2.000. Help!

  7. D. Clerval says:

    I live in NJ. I was turned down by Bank of America/Countrywide 3 times the mod was with HAMP. I would like to be a part of this class action please call @ 609 892-3099.

  8. MARY BLESS says:

    JUSTICE IN NEW JERSEY COURTS? IT IS NOT REALLY GOING TO HAPPEN 95%
    OF NJ JUDGES ARE CAWARDS , ANTI-HOMEOWNERS AND WILL IGNORE DUE PROCESS ,FACTS AND EVEN THE LAWS SO THEY CAN RUBBER STAMP AND APPROVE FORECLOSURES ON BEHALF OF THE BANKSTERS EVEN IF THEY DO NOT OWN THE NOTE AND MORTGAGE JUST LOOK AT BERGEN COUNTY “JUDGE” GERALD C ESCALA
    RECORDS IN ALL THE YEARS HE HANDLE FORECLOSURES HE NEVER RULED FOR ANY HOMEOWNWER ,HE IS ALSO KNOWN TO BE ARROGANT ,MEAN AND IGNORES FACTS AND LAWS JUST SO HE CAN HELP STEAL NJ HOMEOWNERS HOME

  9. Shirley Waters says:

    I can’t wait. Just was told of sheriff sale. No one cares. The banks get bailed out we get thrown out. 17 years in my home. My husband died. There isn’t anyone who fight for people strickly greed..

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