What do you think?
Your comments are very important to Ms. Palma.
Testing the absolute power of today’s’ banking industry. Feeling over powered and over whelmed, what chance do the little people have? Ms. Palma is a frail 74 year old lady weighing in at 98 pounds, with a strong heart and a good sense for what’s right and wrong. Not really a fair boxing match, but you go with what you’ve got. Ms. Palma got a loan from Wamu, in December 2008 her payment increased considerable. She knew she couldn’t make the payments on her fixed income.
After multiple attempts to work something out, “Brenda”, a Wamu representative confirmed there would be no sale and Ms. Palma could keep her home. A couple days later, a Coldwell Banker real-estate broker arrived to let Ms. Palma know the property was sold the day before. The bank had pulled a fast one and actually foreclosed on her, instead of sending the promised modification.
We filed a Federal Lawsuit on July 10th, 2009 and requested a jury trial. The bank never responded to Ms. Palma's Lawsuit. Even the Judge was perplexed by the Banks failure to respond, and double checked the case to make sure every thing was done properly. Ms. Palma received a default judgment against the bank.
The Lawsuit was filed July, 2009, with the default judgment was entered in January 2010, and the case was closed. In April 2010, the Bank finally speaks to the court for the first time to acknowledge the case and to request the court set-aside the default judgment. The Bank reasons they had missed the whole case, done nothing, and their conduct is completely excusable. At the hearing, the Banks attorney vividly recalls receiving the Notice of default, and acknowledges intentionally doing nothing. It seems as though, he was pressured into doing nothing simply because he couldn’t figure out which bank he worked for. Or for that matter, which bank was responsible, every one was point the finger at everyone else. Meanwhile Ms. Palma is standing in the corner. When the Bank was asked why they didn’t even appear at the hearing in January, some 6 months after the case was filed, they responded with a comment that they didn’t know what was going on within the Bank(s). The Bank’s attorney simply didn’t feel it would be appropriate to contact the Court between July 2009 and March 2010, because it simply took that long to figure out what was going on with the bank, the loan, etc. Part of the issue, as explained, was all the vacations and holidays around that time of the year, along with finger pointing and waiting for return calls, it simply took that long to figure out what was going on.
The Court wants Ms. Palma to work with the Bank to settle this lawsuit. What do You Think?
Share your thought with Ms. Palma by Adding your comments,