The Herald’s’s Toluse Olorunnipa is good to point out that this was an Argent loan:
Argent, at one point the nation’s largest lender to people with low credit scores, crumbled under the weight of the subprime lending crisis and was sold to Citibank in 2007. A previous Miami Herald review of Argent mortgages found widespread evidence of mortgage fraud, with one-third of Argent loans in Miami-Dade County eventually falling into foreclosure.
And the paper ties it in to the more recent foreclosure scandal:
As Deutsche Bank motions for a summary judgment in the case, it suffers from many of the same problems that have led to stalled foreclosures across the country.After acquiring the loan from the original lender, the bank’s representatives profess little knowledge about the details of the home loan, and its lawyers have not been able to close the case for four years.
A Miami-Dade County judge briefly threw out the case in July after a Deutsche Bank attorney failed to show up in court.
The Wall Street Journal found some anecotes, too, in an excellent story that calls BS on the banks. I was sharply critical of the paper a couple of weeks ago for not being in the game on this story, and it’s good to see it pick it up a lot in the last several days. I love this lede:
Some banks say their reviews of mortgage-paperwork procedures have failed to detect any borrowers who were foreclosed on wrongly. Some court filings, loan documents and mea culpa letters from mortgage servicers tell a different story.
And here’s one of its anecdotes:
In a Dade City, Fla., courtroom on Tuesday, Leah Aaseng tried to persuade a state-court judge to throw out Bank of America’s recent foreclosure of her five-year-old house in nearby Zephyrhills.
Ms. Aaseng told Judge Susan Gardner that the bank went through with foreclosure proceedings even though she had received a mortgage modification from the lender.
The bank even cashed her August mortgage payment two days after the foreclosure, Ms. Aaseng said. Judge Gardner agreed to the monthlong delay requested by the lawyer representing Bank of America.
“This is a big mess,” the judge said with a sigh as she signed paperwork in the case.
Add it all up and it looks ugly out there. Here’s hoping the press keeps digging up these cases and putting them front and center.
And send me an email if you see reports in your local papers.

>> The paper shows how do get at this better
Typo. Unless it's a hip-hop lyric reference.
#1 Posted by F. Murray Rumpelstiltskin, CJR on Thu 21 Oct 2010 at 02:28 PM
i got a modication from citi in jan, 2009 mortage transferred to american home mortage, 2/2009 1 st payment due in march 2009 i made it it was returned and i was foreclosed on in court now fighting for modication,
#2 Posted by hi my name is sho, CJR on Fri 22 Oct 2010 at 06:13 PM
I think you might want to check that link in the sanchezjohnny comment
#3 Posted by barney kirchhff, CJR on Mon 25 Oct 2010 at 08:23 AM
I don't understand what all the fuse is about, the american system, enforced by the courts have always support the thief of poor people asset.
#4 Posted by ProSelitiigant, CJR on Mon 25 Oct 2010 at 01:27 PM
This is more than just a scandal! The same thing happened to my husband's cousin two months ago!! You would think incidents like this don't happen to people who have worked hard for their money to get to where they are now...My husband is an engineer and he has been working in that field for the past 40 years and guess what--we are about to lose our house because they decided to lay off half the company! Just two years ago, everything was going great. We were even looking into home security systems for extra protection and now we don't even know if we'll have a roof over our head! Rob and I haven't told the kids yet, and honestly we don't know how. I've been browsing the internet a lot looking for available jobs so I can work too but it doesn't help that I never finished college. Any suggestions would be greatly appreciated. We would like to take care of this before the kids find out...
#5 Posted by Sarah Adams, CJR on Tue 2 Aug 2011 at 12:56 PM