Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

Loan Modification

: Mortgage Lender Implode-o-Meter

Wells Fargo Exec Admits Faulty Document Review, as Borrowers Get Wise to Foreclosure Fraud

By Implode-Explode Heavy Industries

"Suddenly, foreclosure fraud has become the potential stick that homeowners have long needed to force lenders to the negotiating table. It could theoretically operate in the same fashion as cramdown: instead of lenders wanting to modify the loan before a bankruptcy judge gets to do so, the lender would want to modify and not risk a years-long foreclosure process where they find out they have no standing to foreclose."

Full post as published by Mortgage Lender Implode-o-Meter on October 04, 2010 (boomark / email).