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DannLaw Update Number 6 on Corona Virus: Observations and Clarifications re the CARES Act

Foreclosure

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Now that we’ve had additional time to review the CARES Act, we would like to share some clarifications and observations along with advice about how to deal with bills and other financial obligations that may be coming due on April 1. Here are some things to consider about paying your bills: 1. Pay your bills if you can. You should take advantage of options that allow you to delay making payments if you need to, not just because they are available. 2. If you don’t have enough money to make … [Read more...] about DannLaw Update Number 6 on Corona Virus: Observations and Clarifications re the CARES Act

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I’ve been involved in politics and government for over 40 years and I can say  definitively that I have not seen legislation that offers as much direct and immediate relief to distressed consumers, borrowers, small business owners and tenants as the Covid-19 stimulus package, known as the CARES Act that Congress passed on Friday, March 27.  You can read an analysis of the bill here. You can read the legislation in its entirety here. While I’m generally pleased with the CARES Act, I do have … [Read more...] about DannLaw Update on Covid-19 CARES Act passed by Congress and signed by the President

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An important message from Marc Dann: We are open and reachable during normal business hours and beyond and you can reach me on my cell phone at 330-651-3131. Rest assured that I will either be at home or at the office because like you, I’m really not allowed to go anywhere else.  We will be happy to answer any questions you have about your existing case(s) as well as the many coronavirus-related legal issues our friends and clients are facing on an almost hourly basis. If you need to speak … [Read more...] about An Update from DannLaw on Coronavirus and Emergency Legal Issues

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When I woke up this morning to another stream of stories about the Coronavirus, I wasn’t worried about the impact the growing crisis was having on big banks or the stock market—as has been proved time and again, they’ll recover or be bailed out, or both. Instead, I was concerned about the people reporters obsessed with Wall Street losses ignore:  people like the guy who was counting on catching up on his Christmas credit card charges by selling hot dogs at the NCAA tournament at Rocket … [Read more...] about Lessons learned in the last recession could help working families deal with the coronavirus crisis

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Today, we’re going to tell you story about good vs. evil, right vs. wrong. The main character in the tale is Riad Ghosheh who owns a home that Ocwen Loan Servicing LLC and PHH Mortgage Services tried to steal. They’re the bad guys. How bad? As of this year, more than 11,000 complaints against Ocwen had been lodged with the Consumer Financial Protection Bureau (CFPB). PHH, which Ocwen acquired in 2018, has been tagged 781 times. Ocwen, a company we’ve fought and written about many … [Read more...] about A Tale of Good vs. Evil: We Stopped Ocwen/PHH from Stealing Riad Ghosheh’s Home–Now We’re Going to Make the Companies Pay

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OH Foreclosure Timeline

Understanding HOA Foreclosure In Ohio If you are an Ohioan who lives in a condominium, townhome or a single-family home that is part of a development you may be required to pay dues to a condominium association (COA) or a homeowners’ association (HOA). Falling behind on your dues can lead to serious problems. In most cases, the covenants, conditions and restrictions (CC&Rs) that govern the COA or HOA give the association the right to place a lien on your home. Stay behind, and the … [Read more...] about Does Filing for Bankruptcy Stop an Ohio HOA Foreclosure?

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Ohio Foreclosure Defense

If your house has been foreclosed and sold at a sheriff sale, you may be wondering if the buyer can legally lock you out of your home immediately following the sale. The answer is no. As long as the property has not been abandoned and is sitting vacant, the buyer must go through certain procedures before they can legally evict you and change the locks. In Ohio, this means the buyer must either obtain a Writ of Possession from the sheriff or initiate an eviction action in municipal court. After … [Read more...] about Can I Be Locked Out of My Home After an Ohio Foreclosure?

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OH Foreclosure Timeline

Understanding Mortgage Forbearance Agreements If you fall behind on your mortgage, your lender may offer alternatives to foreclosure that will enable you to stay in your home. The alternatives can include loan modifications, repayment plans, and forbearance agreements which are specifically designed for borrowers who are having difficulty making their mortgage payments due to temporary problems like unemployment, illness, unexpected medical bills, or other types of financial hardship. Under … [Read more...] about What is a Mortgage Forbearance Agreement?

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We have the honor of representing three people who lost their homes because they were unjustly denied a loan modification by Wells Fargo. One of those clients, Jose Aguilar, recently told his story to a reporter from American Banker, a financial industry trade journal: Jose Aguilar was shocked, but also angry, when he received a letter of apology earlier this fall from Wells Fargo. Aguilar and his family lost their home in Chittenango, N.Y., in 2015 after trying time and again to get … [Read more...] about DannLaw fighting for families who lost homes due to Wells Fargo computer “glitch”

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DannLaw attorneys suspect troubled bank has understated number of victims, urges Wells borrowers who received loan modifications between 2010 and 2015 to seek legal advice. Earlier this year Wells Fargo revealed in an SEC filing that a “software glitch” caused the bank to improperly deny mortgage loan modifications to 625 homeowners between 2010 and 2015. At the time, Wells said it had set aside eight million dollars to compensate borrowers impacted by the mistake, including the 400 families … [Read more...] about Wells Fargo offering loan mod scandal victims lowball settlements, mediation instead of fair compensation