The Dann Law Firm | Marc Dann Law Firm

Foreclosure Defense | Ohio | Chicago | New Jersey | Oregon | New York

Cleveland Office
216-373-0539
Cincinnati Office
513-645-3488
Columbus Office
877-475-8100
NY/NJ Office
201-355-3440

You’re invited to attend the free virtual world premiere of the “The Con” on August 5

Mortgage Fraud

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I was Ohio’s Attorney General when the fraud-driven collapse of the housing market documented in “The Con” began. I’m proud to say that my office was at the forefront of the effort to hold the big banks, predatory lenders, rating agencies, mortgage brokers, stock and bond speculators, brokerage firms, real estate appraisers and others who ignited the near-collapse of the global economy accountable for their actions. The things I learned as we investigated the mortgage industry were extremely … [Read more...] about You’re invited to attend the free virtual world premiere of the “The Con” on August 5

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A lot has happened since we issued our first COVID-19 on March 13. In our tenth update we’ll take a look at recent developments, discuss impending challenges and opportunities, issue a couple warnings, and dispense some sage advice… Involuntary Forbearance can threaten your financial future Let’s start with a cautionary tale about involuntary mortgage forbearance. As we’ve said repeatedly, while it can be a lifesaver for people who are facing financial disaster as a result of the pandemic, … [Read more...] about COVID-19 Update 10–forbearance, evictions, collections, and more

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The U.S. Supreme Court’s decision in Seila Law v. Consumer Financial Protection Bureau marked the culmination of a years-long attack against the agency by the business community, Congressional Republicans, and the Trump administration. It also provided a major dose of “be careful what you wish for because you just might get it” for the powerful forces who have been trying to destroy the CFPB since it was created in the wake of the collapse of the nation’s housing market in … [Read more...] about Supreme Court ruling that CFPB may continue to operate is win for consumers, major blow to lenders, scam artists

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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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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

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Last year, Edwardo Sanchez, a paralegal in DannLaw’s New Jersey and New York office became the first person in his family to graduate from college, an event he proudly shared on Twitter. His tweet was noticed and retweeted by none other than Bill Gates who told his 43.2 million followers that Edwardo’s story was an “amazing moment of hope and progress” in what had been a “really tough year.” I agree with Mr. Gates, Edwardo’s achievement gives us all hope that the American Dream is still … [Read more...] about Keeping the Dream Alive