Archive for May 8th, 2010

Flaws Plague Relief Programs

Posted by admin on May 8th, 2010 under Families Fighting Foreclosure, In the News Tags:  •  1 Comment

“There are many people in the industry who would be glad to see HAMP go or who don’t believe that these modifications can work,” said Thompson. “Most people who are representing consumers think that there are there are significant flaws in the program’s design, but that some kind of government-sponsored modification program is essential to get us out of the foreclosure crisis.”

Why Are We Going Through This?

Posted by admin on May 8th, 2010 under Families Fighting Foreclosure, In the News Tags: , ,  •  Comments Off

JPMorgan Chase instructed homeowners to stop making mortgage payments, as that was the only way to be considered for a loan modification, then repossessed their house when they followed the bank’s advice, a couple claims in Federal Court. “I’ve seen this happen to so many people,” their attorney said. “When they come in here to tell me their story, I can actually tell it to them.”