This is exactly what is going on with these Scams. Just as in this post I made prior this homeowner tried to do all they can to work with their lender to get help, modify and pay them current market value. Instead they foreclosed.
In this case they owed about 300K, according to tax records LPS, yes Lender Processing Services inc. came in and purchased it for $74,100 at the auction. Now the home is pending sale for $59K. Sold it for less in a matter of a month??? Okkkaaaay?
How does this make ANY kind of sense? I can only see it making FRAUD sense…these homeowners vouch not to give up contacted the listing agent about the scam as well as mentioning Law Offices of David J. Stern the foreclosing firm for the lender. This does not make ANY sense what so ever and we need to continue exposing this fraud!
Consumer columnist David Lazarus says banks should end their one-size-fits-all policies and help more homeowners who are in foreclosure.
Take the Fontana woman he writes about In his latest column. She wasn’t obligated to meet the mortgage obligations her husband left when he was killed in a car accident. But she wanted to stay in the home and tried negotiating lower payments with the bank.
By Laura Rice TOLEDO24
Monday, May 03, 2010 at 8:23 p.m.
WOOD COUNTY, OH — A Wood County man facing foreclosure has boarded himself up in his home along with five others.
They are refusing to leave, despite a court order, and they say they will be there until Wood County Sheriff’s Officers drag them out.
Protestors are gathered outside Keith Sadler’s home of 20 years in rural Wood County trying to bring public attention to what they say is unfair action by banks and trying to keep the sheriff’s department from kicking him out.
“So far they have not come. Probably because of the strong public presence that has been so basically we can call this a victory for the day and hopefully we can carry that through tomorrow and the rest of the foreclosure,” said Lance Crandall, Toledo Foreclosure Defense League.
But the real action is going on inside, where Sadler and five others are locked up with supplies with no plans to leave.
NBC24 spoke with Sadler over an internet connection.
“They’re going to have to drag us out. We’re not going to willingly walk out,” said Sadler.
Sadler emphasizes that this is a peaceful protest and that they do not have any weapons.
He says he is doing this for himself.
“Because it’s my home,” said Sadler.
But also for all the others that could not keep up with house payments. Sadler was off work after a hand injury.
“I cut all the avenues that I could before that to try to make payments, to try to keep as close to on time as I could and of course it was getting impossible,” said Sadler.
What Sadler wants now is a moratorium on foreclosures. But, in talks with Wood County Sheriff Mark Wasylyshyn, that is not happening.
“(The Sheriff is) basically refusing to do that, saying it’s his duty to uphold the law of the courts even though the laws are immoral and unjust,” said Sadler.
NBC24 spoke with Sheriff Wasylyshyn who said it is Sadler who has broken his word.
Wasylyshyn met with him weeks ago to discuss an eviction plan and he says Sadler agreed to leave peacefully.
Wasylyshyn says sheriff’s deputies will remove the protestors from the property but he would not say when. He says his top priority is keeping his officers safe.
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