Thursday, March 22, 2012

Shift In Loan Servicers, Mortgage Payment Confusion Leads To Foreclosure, Pending Eviction For South Florida Man

In Pompano Beach, Florida, WSVN-TV Channel 7 reports:

  • A South Florida man is facing foreclosure after having life-saving heart surgery. Paul Crowley loves the view from his Pompano Beach condo, but how much longer he will be able to enjoy that view now hangs in jeopardy.


  • Crowley now faces eviction. His problems began when he tried to remodify his nearly $750 a month loan to be able to pay for mounting medical costs. "A couple years ago, I had some very serious medical problems, including a quintuple bypass operation," said Crowley.


  • Crowley said, when his mortgage got shifted to a different servicer he was told to stop paying to the original bank but never told who to write the checks out to next. "They told me they were going to tell me where they were going to send the new payments," said Crowley, "who the mortgage server was. They never did. It was to a collection agency, not a mortgage server."


  • Crowley's foreclosure attorney calls this case extreme and is now fighting to save the condo. "Never communicated with Mr. Crowley regarding making new payments, and they moved immediately into foreclosure," said Johnny Gaspard.


  • After years of arguing back and forth with several different entities, the bank officially foreclosed the unit [...]. "At this point, our next step is to file an objection to the foreclosure sale based upon the circumstances, based upon Mr. Crowley's case," said Gaspard. "We believe we'll be successful with it."


  • Crowley is not sure what step he will take next if his home is foreclosed. "I don't know where I would go. I have no place to go, really. I just don't know what I would do," he said. Crowley and his attorney hopes to have a hearing. For now, Crowley lives in his condo, just like he has for the past 11 years.

Source: Man's home foreclosed after heart surgery.

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