update on dennis
Posted by admin on November 11th, 2009
This is going from dreadful to insane starting with a request for loan modification from Wachovia/Wells Fargo in Octoaber 2007. From the November 7, 2009 Marin Independent Journal story: “A medical supply salesman who works at home, Temple said he was never told why the bank refused his regular $2,633 payments after his October 2007 modification request . . . Asked to explain why the bank refused Temple’s payments when no modification was done, Hammond responded in an e-mail that “monthly payments not equal to the amounts specified in the original contract (partial payments) would not be accepted. Bank officials would not confirm whether Temple’s rejected payments were partial amounts.”
The Sausalito company trying to take Dennis’ home has also recently foreclosed on two other Marin County residents with questionable methods/ethics.
On November 4, 2009, the Sausalito investors said Dennis could have 20 days to sell his house and/or move. Within 48 hours, the investors–who purchased Dennis’ home for $387,860–put it on the market for $199,888 through a real estate auction house. (The term “money laundering” is being bandied about in connection with the Sausalito firm).
The investment group also got Dennis to sign an agreement to NOT sue them (I’m not clear where this yet fits in).
It may be time for Dennis to ask for the note . . . if he has not already done so.
This just in:
If you would like to see a current, somewhat notorious application of produce-the-note, I direct you, this very day, to the Federal Bankruptcy Court in San Jose. Over the past few months the judge has issued repeated injunctions against foreclosure on the Peninsula home in question. The lenders have been unable (or unwilling) to produce original documentation. Today, I understand, it’s put up or shut up. If lenders can’t/won’t produce the note, the judge is likely to issue a permanent injunction. Check it out!
