Category Archives: Mortgage Modification
Loan Companies Make More if You Default
I’ve written previously about people I know in Kansas City who have been worked over by the loan servicing companies when they asked for a mortgage modification. Below is a link to another horror story of a widow who was granted a mortgage modification by Bank of America. When she paid her mortgage a few [...]
Banks’ Mortgage Modification Tactics Haven’t Changed
Kansas City homeowner asked for mortgage modification. He was told not to make payments because the bank wrongly asserted the loan had to be in default. When homeowner missed a payment, the bank began foreclosure
New Plan for Homeowners May Help Some in Kansas City
New mortgage modification program won’t help struggling homeowners. The program is only for underwater homeowners current on their payments.
Woman Delays Foreclosure 25 Years
photo credit: Sam Hames A story in the Wall Street Journal tells of a woman who fought off attempts to foreclose on her house for 25 years. A Florida resident, she used the laws to successfully delay the foreclosure. The last mortgage payment she made was in 1985. Because of unique circumstances and the laws [...]