ABC News' Nightline On Alleged Mortgage Servicing Company Ripoffs
- New Hampshire homeowner Mike Dillon and the ongoing problem he's had with a mortgage company formerly known as Faorbanks Capital Corporation (now known as Select Portfolio Servicing) that serviced his home loan;
- North Carolina consumer bankruptcy attorney Max Gardner who asserts that it is not uncommon that his clients' cases involve charges tacked on by servicing companies that shouldn't have been charged (in addition to practicing law, he runs Max Gardner's Bankruptcy Boot Camp where, according to his website, trains other attorneys to use every available consumer protection statute in his system including the FDCPA, TILA, UDAP, FCRA, ECOA, the automatic stay and the discharge injunction when representing individual consumers);
- Professor Katherine M. Porter of the University of Iowa College of Law, who discusses some of her findings which have been recently published in a research paper, Misbehavior and Mistake in Bankruptcy Mortgage Claims, in which she examined mortgage servicing companies' frequent non-compliance with law in consumer bankruptcy cases.
To read the online transcript of the ABC Nightline program, see 'Playing the Odds' (Lawyer Max Gardner Says Some Mortgage Servicers May Be Taking Homeowners for a Ride).
The link to the video of the program will be posted when it becomes available.
For more on:
- Mike Dillon and his experiences with his mortgage servicing company, visit his website, www.getdshirtz.com,
- Max Gardner's Bankruptcy Boot Camp, read the BusinessWeek article, Bankruptcy Boot Camp (How one man is training an army of lawyers to fight predatory lenders) (BusinessWeek - January 15, 2007),
- Katherine Porter's research paper, see Misbehavior and Mistake in Bankruptcy Mortgage Claims, then follow downloading instructions.
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