Page 13 - Loan Modification News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Minnesota did. they passed a law that said you can't simultaneously foreclose on somebody while they're trying to get a loan modification. this points out that it's not just happening at a secular trend. stay with me, both of you. when we come back we're going to go live to oklahoma for the latest on politics relief. plus the $30 billion company with no employees. it turns out it's harder the grill an apple that you may otherwise have thought. there's more nerd land at the top of the hour. i have low testosterone. there, i said it.

Scene. no, i mean that. that document is a summary of widespread and systemic error, malfeasance and wreck. care on our banks. on military service members who are entitled to relief, of banks forclosing on homeowners who have been approve for loan modification, on homeowners not behind in their payments. not on default. current, amazingly, on that sheet of paper is the number 53, which there are at least 53 documenting cases of homeowners who are current on their payments being successfully foreclosed on. not just having foreclosure proceedings against them, but people making their payments, p...

And worked out a new payment plan. that by the way is known as dual tracking, where a bank is processing your loan modification while pursuing a foreclosure against you. a better term would be double viewing or double crossing. so the 1 million victims get $500 each. $500. it's a number so hilariously low it has spawned what can you buy for having your house stolen. which brings us to our next notable category, homeowners in which the servicer completed foreclosure on a borrower who was not in default. the foreclosure was completed on a homeowner who is not in default. $125,000. that is a lot ...

Without occ unplugging the plug, i probably would not get anything. so to me, whatever i would get, i will be very happy, but i'm hoping i would get more than $500. >> are you looking at 5 $00? is that what you're looking at? >> that time in 2009, i was in award savings and i have a pick of pay type of payment and i lost my job, so i can only pay the minimum and then after a while, i really cannot pay, so i have like $12,000 in arrears. i ask savings to help me with the loan modification. in 2009, there was no program, so i was wrongfully foreclosed because for $12,000 in arrears, 20% down on ...

They, too, had gone to the bank and worked out a new payment plan. that by the way is known as dual tracking, where a bank is processing your loan modification while pursuing a foreclosure against you. a better term would be double viewing or double crossing. so the 1 million victims get $500 each. $500. it's a number so hilariously low it has spawned what can you buy for having your house stolen. which brings us to our next notable category, homeowners in which the servicer completed foreclosure on a borrower who was not in default. the foreclosure was completed on a homeowner who is not in d...