Banks take U.S HAMP money for loan mod assistance without delivering a permanent modification

It seems that banks were perfectly happy to offer trial loan modifications in order to cash “Obama Plan” checks, but are very reluctant to make those trial mods permanent.  Couple that with a few trial payment checks from the homeowner and it makes a nice few bucks on an otherwise hopeless loan.  All this takes place while the U.S Homeowner is left hanging to dry.

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This entry was written by Raffy Boulgourjian, Esq., posted on December 1, 2009 at 12:18 pm, filed under Uncategorized. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.

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