I. Loan Modifications: The New Scam On America
In the January 20, 2012 issue of the Wall Street Journal’s Market Watch, Lew Sichelman shared a few of the many letters he received from homeowners detailing their nightmarish experiences in trying – unsuccessfully – to modify their mortgages. Take a look at the stories and know that they are being repeated thousands of time a day all over the country.
Those of you familiar with this blog know that I have written posts about loan modification before. My take on the process has been quite cynical because of what I’ve seen in my bankruptcy practice.
Apparently, the problems I’ve seen in the Central District of California are mirrored throughout the nation.
Continue Reading Loan Modification Horror Stories; Corruption On High