Loan Modification News

TARP Recipient Refuses to Modify A Loan and Tries to Bilk Lady Out of $18,000!

June 3, 2009 by admin · Leave a Comment

If you missed it, there is a great article in today’s NYT talking about how Banks who received TARP money are refusing to do modifications for the ones who need it. BofA offered an unemployed woman a new loan with $18,000 down. You can see it here:

http://www.nytimes.com/2009/06/03/business/03mortgage.html?_r=1&hp

Tagged: Bank of America, foreclosure rescue, foreclosure rescue scams, loan modification fraud, loan modifications, MFI-Mod Squad, mortgage fraud, mortgage loans, shady loan mod companies

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About MFI-Mod Squad

Note: MFI-Mod Squad is not a law firm. The views expressed by the owners and/or contributors of this site are based on our experience in the lending and real estate industry and should not be construed or interpreted as legal advice.

MFI-Mod Squad is the only privately funded loan modification investigative firm in the United States.

The goal of MFI-Mod Squad is to expose illegally run loan modification companies and the people who run them.

These firms convince desperate homeowners to pay them huge upfront fees by making fanciful promises when their real intent is to take the homeowner’s money and run. Read more...
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Loan Modification News

TARP Recipient Refuses to Modify A Loan and Tries to Bilk Lady Out of $18,000!

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Have You Been Ripped Off?

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