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Real Estate & Property Law

: The Home Equity Theft Reporter

Refinance Gone Haywire Leaves Virginia Couple Facing Foreclosure As Payoff Proceeds From Now-Defunct Lender Fail To Reach Existing Mortgage Holder

By r morris

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In Amelia County, Virginia, the Richmond Times Dispatch reports:Terry and Donna Hunt have never missed a mortgage payment. But their original lender has tried to foreclose on their house in Amelia County three times.The Hunts weren't involved in a loan modification, nor were they trying to take equity out of their house. Rather, things went awry when they refinanced their $211,000 mortgage in

Full post as published by The Home Equity Theft Reporter on December 22, 2010 (boomark / email).

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