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What's worse than fighting the banks for a modification or foreclosure? This is scary

If you think your fight with a bank to get a modification or to prevent a foreclosure is frustrating, you need to watch this video.  This is some pretty unbelievable and scary news that was released just this week.

 

Please let anyone you know who is currently negotiating with their bank to watch this video.  It is important when what you don't know about what is going on actually becomes your worst nightmare. 

There is really nothing I can add to what this video shows, but if you enjoyed seeing this video, you might also enjoy the following articles:

The judges are taking on the big banks to help consumers

Do you qualify for a loan modification?  Why HAMP is not working

A loan modification becomes a nightmare for one unlucky Wells customer

Tips to getting a loan modification and avoid foreclosure

Of course, all above articles won't help you if you find yourself in the situation shown in the video, but if you are still trying to get a modification, or are facing foreclosure, you might find some of the information useful. 

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Shelby

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, Mortgage and Housing Examiner

Shelby has been an independent loan officer in Portland, Ore., since 2004, and has worked in the finance industry for 20 years, gaining an insider's perspective on Wall Street during her tenure as Regional Operations Manager with a large brokerage. She offers a unique perspective on the economy,...

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