More Errors in Checks Meant to Aid Homeowners: Rust Consulting Issues Nearly 100,000 Checks For Less Than The Homeowners Were Owed

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More Errors in Checks Meant to Aid Homeowners

Three weeks after checks sent to homeowners as compensation for foreclosure abuses were rejected for insufficient funds, the consulting firm at the center of the mishap erred again: a fresh round of checks was written for the wrong amounts.

In recent days, according to officials briefed on the matter, Rust Consulting issued nearly 100,000 checks for less than the homeowners were owed. The mistake potentially cheated consumers out of millions of dollars they were owed under a deal reached between the government and the nation’s biggest banks.

Federal regulators ordered Rust to fix its mistake. And in a statement, Rust said late Wednesday that it had “corrected the error and plans to mail supplemental checks to affected borrowers as soon as May 17.” It attributed the mistake to a “clerical error.”

But the developments cast another harsh spotlight on Rust, which had been selected as the distributor of checks for the $3.6 billion settlement deal that regulators struck with the banks. The continued problems with Rust also raised questions about the government’s oversight of the firm and the wisdom of hiring it in the first place.

What’s more, some homeowners complain the problem is broader than Rust has acknowledged. Jennifer Lawson, whose husband is on active duty with the Navy, said she was stunned when she received a check on April 19 for $600. Under the terms of the settlement deal, Ms. Lawson expected thousands of dollars in compensation for her foreclosure.

More here…

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4closureFraud.org

Comments
7 Responses to “More Errors in Checks Meant to Aid Homeowners: Rust Consulting Issues Nearly 100,000 Checks For Less Than The Homeowners Were Owed”
  1. CANDY says:

    Another lie by
    RUST CONSULTING ..
    I WAS TOLD MY FORCLOSURE fraud CHECK WOULD BE MAILED BY JUNE 10TH NO LATER THAN JUNE17TH
    CALLED 3 TIMES WAS TOLD BY RUST EMPLOYEES WAS MAILED
    I WAITED 3 WEEKS TOLD ME IF DIDNT GET BY JULY 1ST CALL BACK ‘WELL GUESS WHAT TODAY JULY 1ST CALLED BACK TO BE TOLD THEY{LIED}AGAIN CHECK WASNT MAILED …SORRY IT WILL BE MONTHS WE HAVE TO DO ALOT OF PAPER WORK FIRST TO SEE WHOM IS ALLOWED A PAYMENT
    WHO IN HELL CAN YOU TRUST ,ITS GETTING BAD ,
    CANT TRUST BANKS ,
    RUST CONSULTING HAS EMPLOYEES LIE TO CALLERS JUST LIKE BANKS DID
    MY LOGIC IS THIS ..IF YOUR LIKE ME WAITING ON FORCLOSURE FRAUD CHECK FROM RUST CONSULTING LOOKS LIKE MIGHT BE ALONG {WAITE} OR {NEVER } JUST LIKE HELP WAS TO KEEP OUR HOMES
    ,DIDNT HAPPEN TILL TO LATE ALREADY FORCLOSED ON
    WHAT HAPPEN TO HONESTY ,INTEGRITY ,AND TRUST ……

    A LIE IS STILL A LIE NO MATTER HOW YOU SUGAR COAT IT

  2. gordon ernest shanor says:

    I only recieved $300 dollars!!! I recieved a letter telling me I would get at least $800 dollars
    and will be more. They sold my house for alot less and they never went inside of my house
    and I put alot of money into my cellar, my lot was bigger and my home was larger than other
    homes. Who can I contact for my disagreement with the amount they send me.
    thank you in advance
    Gordon e Shanor

  3. Jennifer lawson says:

    Wells Fargo screwed us out of our house while my husband was fighting for his country. They lied and said they had no clue where we were. At least some of our story is out. Go to http://www.ifrmovie.com ou can read all my story and tons of other of people just like me. People that did not just walk away from their homes, that fought and only needed help. Our homes were sold for pennies on the dollar instead of helping us stay in them, or in my case not lying and finding us…

  4. Jennifer lawson says:

    I hope after this, even though most if my story had to he omitted we will be listened too!!! Wells Fargo is corrupt! They stole our house while my husband was away and we begged for help. And the best part is we have proof!! My whole story along with many others is at http://www.ifrmovie.com most of us are not people who walked away from our homes. We are people that had a situation and needed help and were ignored, our homes sold for pennies on the dollar.

  5. Mauricio Lacayo says:

    In our case, we were current in our mortgage when the foreclosure was filed. The judges did not hear us and issued summary judgment. The property sold and the bank got certificate of title

    According to their own classification, we qualified for the maximum amount of $125,000.00 (BEING CURRENT IN MORTGAGE PAYMENTS AND PROPERTY WAS SOLD), but we only received a miserable $300.00 check. I have seen other people have received much more than us ($1,000.00 to $3,000.00) and they are still in possession of their property.

    There is no appeal.

    We are screwed and Pam Bondi helped the banks screw all Florida homeowners

    • yvonne says:

      why are you accepting this…no…do something…

      • Mauricio Lacayo says:

        I forgot to mention that this foreclosure action was commenced on 04/22/2001 and we have defended this foreclosure, Pro-Se, for 12 years until the bank received a Certificate of Title on 01/03/2013.

        The Affidavit of Amounts Due and Owing is fraudulent and I have proof of payments received by the bank in the form of cashed money orders and / or cashier’s checks.

        The bank never filed the Original Note and never re-instated the lost note. In Florida, a bank needs the Original Note or re-instate the lost note in order to obtain summary judgment. (That’s what the Florida Statutes say)

        The bank did not care and the judges did not listen.

        We filled out the form provided by the Independent Foreclosure Review AFTER the house was sold in public auction, explaining the whole situation and providing supporting documentation. They completely ignored it.

        The check came for $300.00, the lowest in the scale

        Ivonne, we are in the process of filing a Wrongful Foreclosure, Illegal Possession, Civil Theft Lawsuit against the bank and its Attorneys.

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