When the banks put people into trial modification plans, they state that if the homeowner pays the specified modified payment for the specified number of months on time and in full, the homeowner will then qualify for a permanent modification. Unfortunately, even when the homeowner does everything the bank specifies, these unscrupulous banksters very often deny the permanent mod. anyway. Fraud, pure and simple, and no judicial, regulatory or govt. agency seems to be doing a thing about it.
WFMortModScam October 23, 2011
at 1:12pm
When the banks put people into trial modification plans, they state that if the homeowner pays the specified modified payment for the specified number of months on time and in full, the homeowner will then qualify for a permanent modification. Unfortunately, even when the homeowner does everything the bank specifies, these unscrupulous banksters very often deny the permanent mod. anyway. Fraud, pure and simple, and no judicial, regulatory or govt. agency seems to be doing a thing about it.