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Real Estate & Property Law

: The Home Equity Theft Reporter

Idaho Couple Say Loan Servicer Approved Loan Modification, Accepted Subsequent Payments, Then Foreclosed On Them Anyway

By r morris

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In Ada County, Idaho, the Idaho Statesman reports:Carey and Tracie Kinghorn were content with their adjustable-rate mortgage, but they were pleased when the Texas-based servicer that had bought their loan offered them a modification to lower their monthly payment by about $500. The change cost them $11,000 in fees and charges, but the Kinghorns signed a contract in April 2009.The company cashed

Full post as published by The Home Equity Theft Reporter on May 06, 2010 (boomark / email).

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