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Eastern Savings Bank, fsb. / mortgage loan

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eastern savings bank fsb
Eastern savings bank fsb is the worst preditory lending bank my interest rate is 11.5% i tried to get my mortgage modified they would not do it i also hired a company to get mortgage modified still wouldn't do it and they bully one of the workers of that company now i am in forclosesure not knowing the mortgage i have is a equity driven mortgage, this mortgage was given to me solely because of the equity in my property if there is any way all persons eastern savings bank fsb has given a mortgage and refuse to work with you please e-mail me and maybe we can all band together for a glass action lawsuit and possibly get these mortgages reduce or remove. REMEMBER THERE IS POWER IN NUMBERS! THANKS!


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N  9th of Dec, 2009 by 
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A  23rd of Jan, 2010 by 
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Eastern Savings Bank appears on many complaint boards because they are a hard money lender that has shown they are unwilling to modify mortgages. They appear to deal only with people who have some equity. The word is they don't budge and people are concerned that some of their tactics should be scrutinized by the Thrift Supervision Board, they already havea cease and desist order against them with respect to commercial lending practices. You can file a complaint with the U.S. Thrift Supervision Board: copy link to browser.

Consumer alert - Eastern Savings Bank in Hunt Valley Maryland is a Predatory lender. We are hoping to gather enough victims of this company to initiate a class action lawsuit. This company has been preying on the vulnerable for far too long. They routinely charge interest rates above 12 and 13% They also are involved in creating prepayment penalties that may violate many state statutes.

With the current state of the economy and the thousands of Americans facing foreclosure this company stands out as one of the worst. They appear to not agree to modify loans they refuse to work with homeowners and have been known to treat them with disrespect and a cold calculating manner. They appear to be going after the properties rather than working with homeowners in an effort for them to stay in their homes.

If you are a victim - let us know - state your case here and provide info to join in the pending class action lawsuit. We are looking at something similar to the class action suit filed against Countrywide. Eastern Savings certainly appears far worse than CW.

The federal government should be made aware of this federally insured bank and the tactics they utilize to take people homes! People need to take a stand against banks that refuse to modify loans and at least give people a chance!
A  17th of Apr, 2010 by 
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On november 24th 2008 the federal reserves put a lien on all eastern saving bank assets the loan amount from the federal reserves was 11 million dollars, this makes all mortgages have been assigned and now eastern saving bank is considered a servicer at this point.
A  18th of Apr, 2010 by 
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If you are facing foreclosure with Eastern Savings Bank you should contact an Attorney at the onset, have them review your closing documents. The loan docs will most likely have TILA, RESPA and HOEPA violations. They may also reveal abuse of fiduciary responsibility on the part of Eastern Savings preparing loans in the Subprime market. This could lead to consumer fraud and the potential for a criminal investigation. Here's why, preparing a loan for a subprime D borrower is a tricky situation to begin with. This is now biting Eastern in the rear. They gave out loans which appear to be train wrecks, that is, loans given to borrowers that only had equity, they used creative financing and hybrid loans that appear to laden with all kinds of statutory federal and state violations. They utilized tactics like no-income verification, outlandish appraisals, brokers that are now out of business etc..A lawyer can take one look at your docs and see that this bank preyed upon victims and was a major player in the subprime mess that is affecting thousands of Americans. Not to mention that this bank also has a Federal Cease and Desist order placed against it for among other things "not adhering to the Truth in Lending act". This bank is also on numerous bank failure watch lists. Complain to Federal Thrift Supervision Board and your local attorney General. Don't let them take your house, fight back against this nefarious bank!
A  18th of Apr, 2010 by 
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Here are some statutes that may apply to those facing action with Eastern Savings Bank - Illinois is similar to other states. Pay close attention to the common law fraud and common law breach of fiduciary duty: This bank should be investigated for this on a multi-state basis and should be handled by individual State Attorney Generals!
Chicago Municipal Code regarding predatory lending: it stipulates certain sanctions for banks or savings and loan associations that are found to be predatory lenders, such as no award of contract with the city, no designation as a city depository.
Illinois Consumer Fraud and Deceptive Business Practices Act, 815 ILCS 505/1, et seq.: this is an Illinois state law that prohibits commercial deceptive and unfair business practice. Where a conduct is within the definition of Uniform Deceptive Trade Practice Act, it is unlawful whether any person has in fact been misled, deceived or damaged thereby.
Illinois Department of Financial Institutions and Office of Banks and Real Estaterelevant administrative rule: this page covers a wide range of issues that are relevant to lending practice in Illinois, such as disclosure of material information, regulation of brokers and predatory lendings.
Illinois Interest Act, 815 ILCS 205/0.01 et seq.: this act puts a cap on the maximum percentage per annum a lender can charge. The application of this Act to loans secured by first liens has been preempted by federal law, but is still applicable to loan secured by junior liens.
Common law fraud: unlike ICFA, common law fraud requires proof of reliance. In Illinois, you must show: (1) a false statement of material fact; (2) the party making the statement knew or believed it to be true; (3) the party to whom the statement was made had a right to rely on the statement; (4) the party to whom the statement was made did rely on the statement; (5) the statement was made for the purpose of inducing the other party to act; and (6) the reliance by the person to whom the statement was made led to that person's injury. In foreclosure cases, borrowers usually bring a third-party claim against the one who they deal with directly (the contractor, broker, or loan officer). Siegel v. Levy Organization Development Co., 153 Ill. 2d 534, 542 43, 180 Ill. Dec. 300, 607 N.E.2d 194 (1992).
Common law breach of fiduciary duty: the specific elements are: (1) a fiduciary duty was created; (2) the fiduciary duty was breached; and (3) the breach proximately caused the injury of which the plaintiff complains. Martin v. Heinold Commodities, Inc., 163 Ill. 2d 33, 53, 205 Ill. Dec. 443, 643 N.E.2d 734 (1994).
Common law breach of contract: the parties to a contract have a duty to honor their obligations thereunder, and they also have an implied duty of good faith and fair dealing. Saunders v. Michigan Avenue National Bank, 278 Ill. App. 3d 307, 315, 662 N.E.2d 602 (1st Dist. 1996).
A  22nd of Apr, 2010 by 
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A  22nd of Apr, 2010 by 
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A  19th of May, 2010 by 
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This sounds like the same thing that is happening to me right now! I asked for modification as well they denied, they loaned me the money, strictly on the value of my home, who was the title company and or broker there is no doubt my attorney and hired fraud investigator sees all the fraud just need more to go for injunction, please write me and help!!

A  9th of Oct, 2010 by 
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They have done the same thing to me. I also asked for a loan modification and was turned down flat. They went into court for the foreclosure and lied. They had filed a deed of trust in my state for my mortgage with a third name my mothers on the deed of trust at no time was she every on my loan. There response to that was so what we can still foreclose. They lied in court and got the foreclosure. At the sale they purchased the home. They are now trying to evict me without following the laws for eviction in our state. If anyone know where I can get help with this please email me at sking5732@hotmail.com I live in the state of Maryland. I would also love to find out how to get in the class action suit against them.
A  14th of Oct, 2010 by 
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An excellent law firm in Illinois that has done battle with Eastern Savings Bank is Edelman, Combs, Latturner and Goodwin LLC: Give them a call! One of the top rated and highly respected firms in Chicago. They also specialize in class action! Tara Goodwin is top notch and Dan Edelman is an expert at HOEPA violations. Dan has published a pamphlet that is very helpful to Illinois residents.
312-739-4200 or 888-592-6124
N  18th of Mar, 2011 by 
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Call The Office of Thrift Supervision and complain immediately (800) 842-6929 or go to their website ots.gov and file a complaint and then file one with your state's attorney general office and file a complaint. The more complaints OTS receives, the sooner something will be done. Don't wait and don't let what happen to you happen to someone else.
A  18th of Dec, 2012 by 
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the more I dog the more I find on EBS. We had a modification- wow- just throw everything on the back of he loan, sounds great- don't lower interest of 13, OMG!! IM not sure what's going on here in Minnesota I just know we are loosing the house of 14 years.. I see that in 07 there was problems that when they took over the loan, Should of looked back then, but now I'm smarter.
N  20th of Dec, 2012 by 
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go proposed sale of February 13the 2013 and there is NOTHING we can do about it contracted lawyer suggested in post...- they wont even consider us because we do not live in Maryland What a pile of xxxx. It makes me sooo angry!! That they can sleep @ night!! But I guess that when your getting paid "under the table" I would look the other way also. PLEASE if any one has EBS for a mortgage DUMP THEM ASAP!! DONT BE A NOTHER PERSON THAT LOOSES!!!
N  4th of Aug, 2016 by 
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Eastern Savings Bank - home foreclosure
Eastern Savings Bank
United States
Phone: 410 585-1063

I lived at this particular address 32 years. In 2008 I took out a home loan with ESB seeking 5k to pay my medical bills under the threat of a collection agency. That agency was Walpoff and Abramson. This collection agency recommended that I do a refinance to get the money or have my wages garnished. So per their recommendation I sought out a refinance, not specifically with ESB but with this mortgage company. The admin assistant was very helpful terms were discussed, goals established constant communication. Well here comes a rep of ESB at the 11th hour. The day not designated to be the signing day but the last day Walpoff and Abramson gave me to have a deal. The came almost 7pm on a Friday and nothing was what I thought we discussed. My back the way I saw it was jelled with the wall. Under the terms they knew this was almost impossible for me to make out even reasonably. So I started contacting the Md Hope numbers that was set up by the state of Md to help homeowners prevent foreclosure. They were absolutely, heartbreakingly useless because they said ESB was a private lender. In less than a year it was all gone and no one could help. Now they are suing me for 30k additional dollars after they sold my house which was in very good repair in a nice neighborhood.

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Eastern Savings Bank Logo Eastern Savings Bank
Customer Service
Executive Plaza 2
11350 McCormick Road, Suite 200

Hunt Valley
United States - 21031
+1 410 785 2200
+1 410 568 4543
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