Frank Cole was shocked to get a call from his wife. She explained that the sheriff’s deputies were at their rented home in Charlotte, North Carolina, and were forcing them to get out in five minutes, or less. Since the Coles’ landlord, the owner of the home had shown the Coles that she had paid cash for the home and owned it free and clear, this scenario seemed impossible.
The Coles had received letters from the lender, but they had been addressed to the person who lived in the house before they occupied it. They sent the letters back, marked “return to sender” and had no advance warning that the bank was planning to foreclose and evict.
Geoffrey Broderick, the senior partner of the Resolution Law Group, says “there are laws and procedural safeguard in place to ensure that wrongful foreclosures and wrongful evictions do not occur. People who own their homes should no face foreclosure. Tenants who pay their rent and honor their lease agreements should not be evicted, especially without due process and a trial.
Mr. Broderick adds that “The housing market will continue to suffer until it is fixed by the Courts or the Legislature. Somebody has to fix the problem. That is why The Resolution Law Group continues its fight for homeowners. Homeowners cannot expect the problem to fix itself.”
The Resolution Law Group continues to prosecute ground breaking litigation in Federal Court on behalf of homeowners suing lenders and servicers for, among other things, the illegal use of MERS, robo-signing, and intentionally ignoring underwriting standards and encouraging inflated appraisals.
The Resolution Law Group is currently enrolling clients into the pending lawsuit. For further information, visit its website at www.TheResolutionLawGroup.com
Lender Litigation, Unlawful Foreclosure, Tarp Money, Mortgage Backed Securities, Derivitives Lawsuits, Insider Trading Lawsuit, SEC Settlements, Ponzi Scheme Lawsuits, Intentional Misrepresentation, Securitized Mortgage, Class Action Securities Lawsuit, Robo-Signing Lawsuit, Lost Equity Litigation, Mortgage Lender Fraud, FINRA Fraud Lawsuit, Suing Banks, Fraudulent Misrepresentation, Short Sale Fraud, Fraudulent Business Practices, Mortgage Litigation, Complex Tort Litigation, Injunctive Relief, MERS Fraud