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Facing Foreclosure Without Missing A Payment: One Couple's Housing Nightmare

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Facing Foreclosure Without Missing A Payment: One Couple's Housing Nightmare

Post by ET on Wed Feb 16, 2011 3:24 pm

http://www.huffingtonpost.com/2011/02/16/phh-mortgage-servicing-foreclosure_n_823768.html
Wow..they just bought this house...and look what they are going through already. OMgoodness. Sad
et
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Re: Facing Foreclosure Without Missing A Payment: One Couple's Housing Nightmare

Post by Guest on Wed Feb 16, 2011 8:06 pm

This is sickening.

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Re: Facing Foreclosure Without Missing A Payment: One Couple's Housing Nightmare

Post by springflowers on Thu Mar 03, 2011 3:39 pm

They should refuse to leave.

Looks like they did get a lawyer.

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Re: Facing Foreclosure Without Missing A Payment: One Couple's Housing Nightmare

Post by JaneWI on Thu Mar 03, 2011 3:45 pm

Banking used to be a pretty solid industry. So many banks have merged with others that it's been almost impossible to track where the papers have gone. Banks selling mortgages to other lending institutions has added another layer of confusion as no one knows for sure who owns these mortgages.

Another thing that I don't see mentioned often is many banks are moving towards having all files kept electronically. The original documents are being destroyed after they are imaged.
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Re: Facing Foreclosure Without Missing A Payment: One Couple's Housing Nightmare

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