consumer law Tag

Ocwen Mortgage Massachusetts

Ocwen Ordered to Cease Mortgage Operations in Massachusetts

Ocwen, one of the largest mortgage servicers in the country, faces regulatory action from both the state and federal levels for “failing borrowers at every stage of the mortgage servicing process,” including mishandling mortgage accounts and botching loan modifications. The federal Consumer Financial Protection Bureau sued...

What to Do if You are Sued for a Debt by Cavalry SPV I

Culik Law is a consumer protection law firm in Boston, Massachusetts. We help consumers against debt collectors and only represent or provide legal advice to individuals who live or are being sued in Massachusetts. This is a blog about debt collector Cavalry SPV I. If...

Consumer Bureau Issues New Mortgage Servicing Guidelines

The Consumer Financial Protection Bureau has issued regulations for what banks and mortgage servicers are required to do when servicing homeowners’ mortgages. These changes will be effective on January 10, 2014. First, servicers will be required to send monthly or periodic mortgage statements. Although most homeowners...

Appeals Court Rules in Favor of Massachusetts Homeowner

Reviewing a Massachusetts homeowner’s trial loan modification agreement with her mortgage bank, an appeals court ruled in Young v. Wells Fargo Bank, N.A. (Case no. 12-1405) that the homeowner was entitled to a permanent loan modification. The homeowner’s loan modification was offered under the federal Home...

Bank of America Headed to Trial For Wrongful Foreclosure

In a recent decision on the HAMP loan modification program, a magistrate judge of the US District Court for Massachusetts ruled that homeowners who were foreclosed on while under consideration for a loan modification may proceed with a lawsuit against Bank of America. Bank of America...

How to Defend Against a Debt-Collection Lawsuit

If you have received a notice that a debt collector filed a lawsuit against you in court, you may be wondering what to do. Often, people who are sued do not actually owe the debt because the account at issue was paid off already, or...

8 Simple Ways To Elevate Your Credit Score

8 Simple Ways To Elevate Your Credit Score Is your credit (FICO) score helping you or hurting you? Were you recently denied credit or a good interest rate because of it? There are a few things you can start doing right now to up your score...

Protecting Proceeds Home Sale in Bankruptcy

The Massachusetts Homestead Protection Law protects your home from being sold or seized by creditors in court proceedings or in bankruptcy for debts you might owe to them. If you intend to sell your home, and if you want to keep the sale proceeds safe...

Solicitations by Phone or Text… Just Say No

If someone, even an attorney, calls or sends you a text to solicit you and provides you with information about an upcoming foreclosure or seems to know more than they should about your mortgage, or makes grand promises without having all the facts, be very,...

8 Tips for Tenants: Before You Sign the Dotted Line…

Renting is on the rise. A growing number of Massachusetts residents are electing to rent rather than purchase their homes. The move away from home ownership is tied primarily to the foreclosure crisis, unstable housing and job markets, and a rising need for mobility. If...