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Real Estate & Property Law

: The Home Equity Theft Reporter

Homeowner Files Suit Seeking Class Action Status; Says Wells Told Her To Stop Mortgage Payments To Qualify For Loan Modification, Then Foreclosed

By r morris

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In Cobb County, Georgia, Courthouse News Service reports:A homeowner claims Wells Fargo instructed her to stop making her monthly mortgage payments to qualify for its loan modification program, then foreclosed after she followed the bank's instructions. The class action seeks damages for RICO fraud, in Cobb County Court.Lisa Smoak Reid claims the bank "lulled [her] into inaction by offering to

Full post as published by The Home Equity Theft Reporter on December 11, 2010 (boomark / email).

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