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Real Estate & Property Law

: The Home Equity Theft Reporter

Lender Unwilling To Foreclose Offers To Cancel Delinquent Home Mortgage To Dodge Prosecution In Upstate NY Building Code Case

By r morris

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In Lockport, New York, the Lockport Union-Sun & Journal reports:[I]n another ongoing case, an attorney for M&T Bank said the bank is willing to forgive its mortgage on 34 Pound St., in order to avoid prosecution on seven code charges there. Attorney Thomas Frederick said the bank is still owed $34,000 by David and Andrea Woods, the former occupants, but it willing [sic] to wipe out the mortgage

Full post as published by The Home Equity Theft Reporter on March 10, 2009 (boomark / email).

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