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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosures go wrong as lenders, cleanup crews cut legal corners

By Implode-Explode Heavy Industries

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"Some Michigan residents have returned home to find their windows broken, houses ransacked and valuables missing.

Not from burglars, but overzealous mortgage lenders and their trash-out teams: unlicensed crews hired to clean out and secure property during foreclosures. Lawsuits filed across Michigan and the nation paint an ugly picture of impersonal foreclosures bent on speed that cut legal corners without concern for homeowners who have paid up.

Full post as published by Mortgage Lender Implode-o-Meter on June 07, 2010 (boomark / email).

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