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Real Estate & Property Law

: The Home Equity Theft Reporter

BofA's "Deed-In-Lieu" Mail Solicitation After Approving Loan Modification Leaves Couple Confused, Upset; Bank Speechless When Asked To Explain Letter

By r morris

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In Thornton, Colorado, KUSA-TV Channel 9 reports:Chris Carpenter says he has paid his mortgage on-time for the nearly seven years he has owned his home. [...] But Friday, Carpenter said his wife brought a letter from the mailbox from his mortgage lender, Bank of America, that baffled the couple. "She was crying," he said. "She was upset."The letter was "deed-in-lieu of a foreclosure" solicitation

Full post as published by The Home Equity Theft Reporter on September 03, 2010 (boomark / email).

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