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Real Estate & Property Law

: The Home Equity Theft Reporter

Report: Servicers' Claims That Investors Owning Delinquent Mortgages Won't Allow Loan Modifications A Bunch Of BS

By r morris

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ProPublica reports:Arthur and Alberta Bailey are about to lose their home near New Orleans, and their mortgage company says one thing stands in the way of relief: The investors who own their mortgage won?t allow any modifications.It?s a story heard again and again across the country as desperate homeowners try to participate in a federal program created to foster loan modifications and prevent

Full post as published by The Home Equity Theft Reporter on July 27, 2010 (boomark / email).

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