Confused by Alleged Bank Scam, Homeowner Wins Loan Modification After Retaining Consumer Protection Assistance Coalition (DE) Non Profit Law Clinic to File Lender Lawsuit Against Chase, Wells Fargo, Bear Stearns and MERS
(firmenpresse) - SANTA ANA, CA -- (Marketwire) -- 08/01/12 -- In 2008 Mr. Armando Carillo, like many across America, realized his finances looked bleak; he was running out of reserves! Still current yet concerned about the $3,000 a month he'd been making for years he contacted for help. He was told that he needed to be at least 2 months delinquent to get help.
With depleted reserves he was unable to maintain the variable rate payment that was scheduled to increase. Since his lender would not accept any partial payments and a full payment wasn't feasible he had no choice but to miss a few payments. With relief he contacted to finally get the help he was previously told about. A voluntary where the lender simply lowers the interest rate to make the loan payments more affordable sounded simple.
County records show a was recorded on Oct 13th. Surprisingly the Notice named not Chase, whom he had assumed was his lender. Why now Wells Fargo? He contacted Wells Fargo and he was informed they could not help him. He needed to contact Chase Bank.
Confused and frustrated he contacted who according to Attorney Gary Lane has the highest count of Individual in the state against major lenders like Wells Fargo, Chase Bank, , , , , , and to name just a few.
Records show Superior Court Case # VC057344 Carillo et al vs. Wells Fargo Bank, Bear Stearns and MERS alleged various violations committed against Mr. Carillo long before a payment was ever missed. These violations as well as the 'hidden' parties were identified for Mr. Carillo for free long before the case was filed in Court seeking either a Jury trial or one of several settlements that would be acceptable to Mr. Carillo in exchange for a Case dismissal.
Armando Carillo has since been granted and signed a Loan Modification agreement from Chase via Consumer Protection Assistance Coalition dropping his payment from $3,000.00 on a variable rate down to a permanent fixed payment of $1,026.71.
Fabricio Baca
800-LAW-0678
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Datum: 01.08.2012 - 04:01 Uhr
Sprache: Deutsch
News-ID 170487
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SANTA ANA, CA
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Personal Finance
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