Mortgage Servicing & Wrongful Foreclosure

Mortgage servicers and banks rely on automated systems for the purpose of crediting your payments and managing your account. Those systems fail when incorrect or inaccurate information is inputted into the system by their representatives. When confronted with their accounting mistakes, these mortgage servicers simply rely on the incorrect information showing for your account in their systems without any other critical analysis. When this happens, they press forward with trying to collect money they are not owed. They use all of the power they have, even the foreclosure process, to collect fees and payments to which they are not legally entitled. The federal Consumer Financial Protection Bureau reports that it receives over 50,000 mortgage-related complaints annually.