Lawsuit filed to save disabled Chicoa...

Lawsuit filed to save disabled Chicoan's home

There are 26 comments on the Chico Enterprise-Record story from Mar 14, 2009, titled Lawsuit filed to save disabled Chicoan's home. In it, Chico Enterprise-Record reports that:

To prevent a Chico woman from losing her home, several lawyers filed suit against three firms they accused of engaging in a "predatory lending scheme." "We're hoping this is going to help this woman out.

Join the discussion below, or Read more at Chico Enterprise-Record.

First Prev
of 2
Next Last
Speechless

Oroville, CA

#1 Mar 14, 2009
For once in my life I believe I am speechless.... this is typical of what's been going on in our country!!! Thank you to the lawyers that gave of their time freely to help this woman.... God Bless you!!
Born in Chico

Rancho Cordova, CA

#2 Mar 14, 2009
Amazing how vunerable people can be taken advantage of. Now if she bought a car... the investigators could track those swindlers that first got her into trouble. Remember it's easier to track a car... than people. They need prosecuted too.
Relieved

Chico, CA

#3 Mar 14, 2009
I generally despise attorneys, BUT... I think that these particular attorneys should be commended. And,with some more research, I bet that they could find enough other victims to make it a class action suit. I would bet that these companies have preyed on more than one innocent victim.
Joe Sixpack

Manteca, CA

#4 Mar 14, 2009
The former Republic Party regime passed laws in 2003 and 2004, at the behest of bank lobbyists, to loosen and deregulate such lending practices. This the result. But the Republic Party will scream "socialism" when Obama tries to restore a workable regulatory framework to control greed and fraud. The thieves have enough.

Since: Feb 09

United States

#6 Mar 14, 2009
Started way before then Joe, late 70's and amplified in the late 90's under Clinton. It is easy to point fingers but the fact of the matter is they (politicians) are all to blame for not putting a stop to sub par lending practices.

You are spot on about greed and fraud, I would bet that for every one Jan, there are 9 others who knew exacltly what they were signing and wanted to take advantage of the system to make a quick buck.
Joe Sixpack

Manteca, CA

#7 Mar 14, 2009
dumark wrote:
Started way before then Joe, late 70's and amplified in the late 90's under Clinton. It is easy to point fingers but the fact of the matter is they (politicians) are all to blame for not putting a stop to sub par lending practices.
You are spot on about greed and fraud, I would bet that for every one Jan, there are 9 others who knew exacltly what they were signing and wanted to take advantage of the system to make a quick buck.
Again, you're blaming the consumer rather than the perp. That's why California has led in consumer protection laws. This lady has a highly actionable case. And she'll win.
Former Republican

United States

#8 Mar 14, 2009
This is the type of "loser's mortgages" that Rick Santelli of CNBC was railing against helping.

What a bunch of complete jerks. There are thousands of people just like this woman out there losing their homes and they have no help, and the new Republican party wants to scream about it, all while saying they are worried about our grandchildren's futures. Ridiculous!

Since: Feb 09

United States

#10 Mar 14, 2009
Joe Sixpack wrote:
<quoted text>
Again, you're blaming the consumer rather than the perp. That's why California has led in consumer protection laws. This lady has a highly actionable case. And she'll win.
I'm not blaming anyone and i'm sure she will get something. After all it is the american way right? hold your hand out long enough and someonw will put something in it. Seems to be that way for the poorest of the poor and the richest of the rich.
La Migra

AOL

#11 Mar 14, 2009
Better to help her than some stinking illegal that shouldnt have gotten a loan in the first place.
Americans helping Americans.
Tell It Like It Is

Burbank, CA

#12 Mar 14, 2009
Former Republican,
There are exceptions to the rule and this borrower is certainly the exception.
I would not mind that the man and his girl friend that tricked this person into buying them a car burn to death. Call me cruel, I don't care. This loan should be forgiven.

As far as the person who got her the loan, he is no better and deserves to be locked up for a long time.

I do not have feelings for other irresponsible borrowers that went on spending sprees for themselves knowing that real estate only goes up and that they can always refinance.

Now my tax money is going to help them get bailed out and they still get their tax write offs.

Does this seem fair?

When I sold in 2005, I knew this would happen, so until now, I am renting.

Former Republican, should I have purchased a house that I knew I could not afford, get a loan that did not make sense, and expected the government to bail me out?

No.

That is why I am against these bailouts and yes, I am a Republican.
Born in Chico

Rancho Cordova, CA

#13 Mar 15, 2009
Back to the story.... She bought the perps a car... why can't they trace the car and find the creeps...

Yes forgive the loan... and assign someone to help her with her finances...
durham dad

Chico, CA

#14 Mar 15, 2009
three words NO THANK YOU thats all she had to say.
why should my tax money bail anyone ouy but me?
three more words NO THANK YOU
Tell It Like It Is

Burbank, CA

#15 Mar 15, 2009
durham dad wrote:
three words NO THANK YOU thats all she had to say.
why should my tax money bail anyone ouy but me?
three more words NO THANK YOU
Read the story (again and comprehend).
This person has lived with her parents all her life, the house is all she has. She may even be mentally disabled.
If you (still) feel that your taxes should go to help a person like this, than you have a heart of steel.
Born in Chico

Rancho Cordova, CA

#16 Mar 16, 2009
Tell It Like It Is wrote:
<quoted text>
Read the story (again and comprehend).
This person has lived with her parents all her life, the house is all she has. She may even be mentally disabled.
If you (still) feel that your taxes should go to help a person like this, than you have a heart of steel.
I think you meant:
If you (still) feel that your taxes should NOT go to help a person like this, than you have a heart of steel.[/

“I don't really hate you”

Since: Jul 08

Location hidden

#17 Mar 16, 2009
I know it's all her fault but she is mentally disabled and I still feel sorry for her. My bad
Davin

La Jolla, CA

#19 Mar 19, 2009
Lady in Chco being evicted by INSTANT MORTGAGE LENDING.

These people are FRAUD. Lady form Chico is not alone thay have done this to so many people. They are predators that look for high value home with no loan or small loans against it. Then they tell lies to the home owner in order to get then sign and they dont care if they cant afford the loan and payments all they really after is the equity of the house. THEY DONT CARE - They are ruthless and have one goal only - THE HOUSE and Its Equity.

They charge illigal fees, broker fee, lebnders fee, originaiton fee, commission and appraisals and other fees they dont do but they just charge and add numbers wehre they want. Ultimately you get nothing at the end of the loan.

In the payment history, they do the same thing again, many bogus charges and fees that never happened -

These people should be punished. THey have cheated these people not to mention short of rubbing them. They are what is wrong with this economy, lend to people who cant afford and then take theri home.

It is about time. I am glad the lady from Chico is getting help from the various attorneys.

Instant Mortgage Lending has made alot of money at peoples expense and they have the money to pay for it.

Owners name is Israel Hechter and he is the one in charge. He also does business under Note Tracker Corp.

This company has other law suit in San Diego for fraud. They should be shut down.

Davin
Born in Chico

Rancho Cordova, CA

#20 Mar 20, 2009
Davin, thanks for the informed info.
Jose another victim

United States

#21 Mar 22, 2009
I have to inform you that there more people like this lady in different states. Instant Mortgage Lending calls this tact as doing business. Israel Hechter who does business on another name Note Tracker Corp does the same thing. Well, I cant say I did not see this coming. I wish this lady well.
Poor Lady in Chico

United States

#22 Mar 25, 2009
I have had an unofrtunate encounter with Instant Mortgage Lending, Israel Hechter. I consider myself a smart person but they are clever and fast talkers and fooled me. For my HELOC they charged me bogus fees and points that i did not catch in the beginning. Their loans are 50% cost and points and the rest are what we supposedly getting. They call their loans HELOC but it is not. Someone should look into that. They use these types of loan (HELOC) so they can charge higher fees under law. Secured line of credit is a loan we (homeowners) use like a credit credit and draw from except there is no money to draw from so it is really a straight second mortgage. If they call it a second mortgage then under law they can not charge the EXTREME FEES. I know at least 11 other people they have done this too. I personally want to stay away from this company and never hear from them again.
Eric Morris

Rancho Cucamonga, CA

#23 Mar 25, 2009
We are a law firm licensed to practice law in California. We will provide you a free initial consultation, and if your case qualifies (most do) then we will take your case on contingency and seek money damages and attorney fees caused by the loan mod scam artist.
This is an advertisement and communication pursuant to State bar rules. We only seek to represent California homeowners with this service. This article is not legal advice or intended to serve as legal advice. No attorney client relationship is created by sending us an email or phone call.
Contact Us:
Eric Christopher Morris
Attorney at Law
Southern California Lawyers Group, PC
www.lawsclg.com
[email protected]

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Foreclosures Discussions

Title Updated Last By Comments
News Foreclosures: Joe Firmani wants to buy a diamon... (Apr '09) Jun 12 jpedonti 5
News America's consumer financial sheriff and the ho... May '17 tomin cali 1
News Former City Council candidate charged with larc... May '17 Danco for Justice 1
News Mnuchin Treasury Hearing May Be Dominated by 'F... Mar '17 Johnpalumbo49 2
News Bridgeport Attorney Pleads Guilty To Scheme To ... Feb '17 judges indabag 2
News Senate nears confirmation of Trumpa s pick to h... Feb '17 Hostis Publicus 9
News Steve Mnuchin Defends Octomom's Mortgage in Sen... Feb '17 Texxy the Selfie Cat 1
More from around the web