On a Roll: Nationstar’s Mortgage Mess Nearly Costs Public Defender Her Home

Mortgage mess nearly costs lady her home

“I literally thought I was going to have a heart attack.” Paterson homeowner, Tana McPherson, couldn’t figure out why she was slapped with a tax lien on her condo, but there it was in black and white.

“It’s shocking to get something in the mail like that especially when you work every day and pay your bills everyday,” she said. McPherson is a public defender in Bergen County. She’s used to advocating for the poor and was even more horrified to be informed her tax lien would be publicly advertised twice.

McPherson says she did pay her taxes, on time, every quarter through her mortgage company, Nationstar, that took her monthly payment and was supposed to escrow a portion to pay her quarterly property taxes.

What happened to the money? Tana says she doesn’t know. So she reached into her own pocket, shelling out nearly 4 grand to get her home off the auction block. That was last June, but good luck getting the money back from Nationstar.

More here…

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4closureFraud.org

Comments
2 Responses to “On a Roll: Nationstar’s Mortgage Mess Nearly Costs Public Defender Her Home”
  1. Tom says:

    So here we go again with another mortgage company getting caught trying to swindle someone out of their home and they turn around and blame it on an off-shore company for mishandling it.
    Isn’t that pretty much the same as Wells Fargo getting caught with their scam creating the 2 million customer add on accounts that their customers didn’t know about, and then blame it all on low level employee’s?

    Nothing will ever change until their so-called mistakes are dealt with real severe consequences.
    How about once they get caught, the top executives that are paid millions to make sure their company’s are following the rules, how about if they immediately get fired, have all their assets seized for restitution purposes, and jailed for a minimum of 30 years.
    Once real severe penalties are put in place this BS would stop!

  2. What typically happens in this situation is that the mortgage company will pay the real estate taxes in a lump sum to avoid the foreclosure, add the lump sum as an escrow shortfall, and dramatically increase the homeowner’s monthly payment to correct the shortfall. The homeowner normally does not have the money to pay the real estate tax out of pocket. In addition, the homeowner will stop making monthly mortgage payments until someone explains where their money is going.

    Eventually, you get to the trial court with the Homeonwer representing themselves to clear up this simple matter, and all is lost. Again, but for the ability of the homeowner to pay and fight about it later and the publicity this would have ended much worse.

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