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Real Estate & Property Law

: The Home Equity Theft Reporter

Loan Servicer Drags Feet On "Deed In Lieu" Offer By Delinquent Borrower; Home Sits Vacant For A Year Before Title Finally Passes In Foreclosure Sale

By r morris

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In Hopkins, Minnesota, the Minneapolis Star Tribune reports:Bob Lerner knew he couldn't afford the mortgage payments on his family's home in Hopkins. So in January, Lerner told the bank: The house is yours. Eight months later, Lerner is still wondering why the bank wouldn't take it. [...] In October 2008, as they prepared to file for bankruptcy, the couple and their teenaged son moved out of

Full post as published by The Home Equity Theft Reporter on September 23, 2009 (boomark / email).

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