Wednesday, June 01, 2011

Minneapolis Homeowner Recovers Lost Home, Gets New Payment Schedule After Flaw Found In Serving Required Paperwork In Foreclosure Process

In Minneapolis, Minnesota, Fox 9 News reports:
  • A Minneapolis woman, who was facing foreclosure, is back in her home for the long term. Tanya Deba's troubles began when her hours at her job were cut and she fell behind on her mortgage. She tried to catch up, but just could not.
  • In March, Fox 9 told her story and showed how she was packing up her belongings expecting to be evicted at a moments notice. She didn't want her 2 kids to lose their lifelong home. Deba found help in an organization called Financial Integrity Foundation. For a fee, the Twin Cities group assists homeowners in finding flaws in foreclosures.
  • Financial Integrity Foundation discovered her mortgage company had never served the paperwork to this homeowner about the foreclosure.
  • Delivery of that paperwork is required by law in a foreclosure. She filed a lawsuit against the company. The two sides settled out of court and the bank set Deba up with a new 30-year fixed rate mortgage.

Source: Woman Fights Foreclosure & Wins.