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Loan Modification

: Loan Modification & Home Loan News

Family bought worthless second mortgage from Wells Fargo at foreclosure auction

By Moe Bedard

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Roberta looked up the property records. She saw there were two mortgages, a first and a second, recorded on the same date with the same lender. She figured the lender was auctioning the first and that the second mortgage would be wiped out. “The price was right,” her husband said. They took out a mortgage [...]

Full post as published by Loan Modification & Home Loan News on July 22, 2010 (boomark / email).

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