I am presently in litigation with Fremont Reorganizing, Goldman Sachs dba Litton Loan Servicing, et al., (2 different cases) for about 2 years now. The main issue with the complaint is a fraudulent loan originated by Fremont in June 2006.
This in turn produced an array of other issues:
Unsigned deed of trust
Over billing issues
Excessive balloon payment
Back dated assignments
Illegal non-judicial foreclosure documentation
Illegally reporting to my credit
6 week TRO's (temporary restraining orders)
Court procedures not followed
Judges waiting until the courtroom is cleared to rule against a TRO (both times)
Retired (78 year old) judge ruled against a seated judges.
TRO where the retired judge took 30 minutes to read a 300 page brief.
The whole time they have been ignoring my request and failing to give me the required documentation so that I can rescind the loan. Goldman Sachs dba Litton Loan Servicing has been aggressively trying to foreclose on my property. I believe to cash out for insurance reasons (It's over a million dollar loan).
I have invested over $400,000 into this property for the past 5 years and if I had known about this mortgage meltdown game played by Wall Street I would have never proceeded with this real estate transaction.
The Media and the Government has not once addressed or helped the borrower, namely me, who also has been damaged by these defaulted CDO's.
Here's a timeline of what's going on with Goldman Sachs to show how they are scheming to pursue foreclosures for the insurance by acquiring distressed, shelled fraudulent companies which will eventually, if haven't already, gone broke.
Oct 26, 2005 Litton Loan Servicing Class Action - mishandling loans, servicing over 400,000 borrowers - case settled Feb 17, 2009 for $537 (limited due to class status)
Feb 27, 2007 FDIC Cease and Desist - Fremont Reorganizing for illegal loan practices, et al., (largest predatory lenders who heavily solicited brokers for their schemes)
Oct 16, 2007 Massachusetts Lawsuit vs Fremont and Goldman Sachs - Predatory Lending Practices - settled May 11, 2009 for $60 mil
My wife is pursuing individuals who are interested in joining her in a class action lawsuit with regards to violation of her community property rights in a wrongful foreclosure. If you are in a community property state and a spouse is not on title you may have grounds for legal action.