St Louis Mortgage and Commercial Loan Modification: Lawsuits Increase
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Audit News: Lawsuits Against Banks Increasing At Alarming Rates
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage
At the close of the year, December 2010 brought no good news to some of the largest banks nationwide.
JPMorgan Chase, PNC Financial, and Ally Financial disclosed suits in a growing number of banks under investigation by state and federal officials for sloppy or even fraudulent foreclosure paperwork not to mention mortgage origination snafus.
All mentioned banks face lawsuits
from both borrowers and investors in mortgage-backed securities.
JPMorgan faces two possible class action lawsuits related to stopping foreclosures, the second largest U.S. bank said in a regulatory filing.
The suits allege "common law fraud and misrepresentation, as well as violations of state consumer fraud statutes," JPMorgan said in the Securities and Exchange Commission filing, without disclosing who filed them.
Ally Financial said it has been sued by hedge fund Cambridge Place Investment Management, which has ramped up a legal scrap with Wall Street to recoup money lost on subprime mortgages.
PNC Financial has been sued by the Federal Home Loan Bank of Chicago, alleging misrepresentations and omissions in connection with the sale of mortgage-backed securities.
Goldman Sachs is reviewing the practices of its Litton Loan Servicing unit and has temporarily suspended evictions and foreclosures in several states.
Furthermore,Bank of America, JPMorgan, and Ally's GMAC Mortgage followed suit by voluntarily imposing brief moratoriums on foreclosures to review their practices but have begun to resume evictions of delinquent borrowers.
United States attorneys general for all 50 states are jointly investigating whether banks failed to review documents properly or submitted false information to evict delinquent borrowers.
=============================================
Articles and News Sponsored by Liberty Lending Consultants
When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.
Business Owners: Call us and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.
Sponsored by:
Check back daily for more financial news.

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.
=============================================
ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?
What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?
Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...
You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.
Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!
Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage. Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.
