Daily Archives: July 12, 2014

UPDATE: HOMEOWNER VICTORY IN MICHIGAN

LIBERTY ROAD MEDIA

cease-and-desist-stamp

A couple days late with this update, but it’s such great news, I gotta share anyway!

If you read the story “All Hands On Deck: Fighter Served Eviction Papers” from Tuesday, you know that Michigan homeowner KathyJo Torrenga faced eviction from her family home by the “foreclosure Death Star” of Republican Congressional candidate Dave Trott.

In true David and Goliath fashion however, Torrenga got a cease and desist order against the would-be eviction, proving the obvious–you can’t win if you don’t fight. Put another way, you will lose if you don’t fight. And of course, resistance is victory.

Torrenga provided some details of what went down in court on Wednesday, July 9 in an email interview…

LRM: The judge granted you a cease and desist against the entity who wanted to evict you, correct?

Torrenga: Yes.

LRM: On what grounds?

Torrenga:I asked for a copy of…

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JPMorgan Beats Calif. Mortgage Interest Rate Class Action

Case Title

Barbara L. Schramm et al v. JPMorgan Chase Bank, N.A. et al

Case Number

2:09-cv-09442

Court

California Central

Nature of Suit

Banks and Banking

Judge

John A. Kronstadt

Law360, New York (July 11, 2014, 3:36 PM ET) — A California federal judge on Thursday tossed a proposed class action accusing JPMorgan Chase Bank NA of defrauding homeowners into paying higher interest rates on their mortgages, finding the bank’s disclosures regarding the loans did not violate any laws.

U.S. District Judge John A. Kronstadt dismissed plaintiffs Barbara Schramm and Steven Weinstein’s claim that the bank violated California’s Unfair Competition Law following a March trial. He ruled that they couldn’t prove the bank’s practices violated the unlawful, fraudulent, or unfair prongs of the UCL.

The plaintiffs…

Source: Law 360