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Real Estate & Property Law

: The Home Equity Theft Reporter

Fannie, Freddie Accused Of Requiring Financially Strapped Homeowners To Waive Legal Rights As Condition To Getting Loan Modifications

By r morris

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The Washington Independent reports: When the government announced in November that it would use mortgage giants Fannie Mae and Freddie Mac to streamline loan modifications for possibly hundreds of thousands of borrowers, officials billed the idea as a fast-track program to fight foreclosures. What no one mentioned is that homeowners would have to sign away their rights to sue, if they wanted to

Full post as published by The Home Equity Theft Reporter on January 16, 2009 (boomark / email).

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