Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Ed Cage

Woman fights American Home Mortgage (Out of business) in court

 

http://www.newsday.com/business/ny-bzmain5442272nov02,0,1058785.story

 

Excerpts from Woman fights American Home Mortgage in court

BY DANIEL WAGNER | daniel.wagner@newsday.com

November 2, 2007

 

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“Rush, a 47-year-old single mother from Churchville, Md., has spent thousands of hours researching and attacking the now-bankrupt Melville-based lender since April 2005, when its correspondent lending division saddled her with what she called "a total bait and switch" - a refinance loan that she thought would carry a 1 percent interest rate but ended up costing substantially more.”

 

“As she examined the paperwork that American Home provided, Rush said, "I was horrified at how many laws they had actually broken," from illegal marketing to excessively high fees to using a bogus appraisal that inflated the value of the house to make the loan more attractive to repurchasers.

     American Home spokesman John Kalas did not return calls seeking comment. But in a court filing last week, the company wrote, "It appears as if the Movant [Rush] is dissatisfied with her mortgage and is seeking to use the judicial system as a means of escape from her financial obligations."

 

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Submitted by

Ed Cage

1804 Cross Bend, Plano Texas 75023

ecagetx@tx.rr.com

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