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Loan Modification

: Loan Modification & Home Loan News

Banks lie, mess up loan modifications

By Moe Bedard

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Last year, Noel Sandoval, an accountant in San Mateo, who is disabled from epilepsy, asked Bank of America to ease the terms of his $369,000 mortgage under a federal program designed to help homeowners in distress. After almost 12 months of back and forth, the bank told him no. Its explanation: The mortgage was owned [...]

Full post as published by Loan Modification & Home Loan News on November 22, 2010 (boomark / email).

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