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Facing Foreclosure Without Missing A Payment: One Couple's Housing Nightmare

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Post by ET Wed Feb 16, 2011 3:24 pm

http://www.huffingtonpost.com/2011/02/16/phh-mortgage-servicing-foreclosure_n_823768.html
Wow..they just bought this house...and look what they are going through already. OMgoodness. Sad
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Post by Guest Wed Feb 16, 2011 8:06 pm

This is sickening.

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Post by springflowers Thu Mar 03, 2011 3:39 pm

They should refuse to leave.

Looks like they did get a lawyer.

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Post by JaneWI Thu Mar 03, 2011 3:45 pm

Banking used to be a pretty solid industry. So many banks have merged with others that it's been almost impossible to track where the papers have gone. Banks selling mortgages to other lending institutions has added another layer of confusion as no one knows for sure who owns these mortgages.

Another thing that I don't see mentioned often is many banks are moving towards having all files kept electronically. The original documents are being destroyed after they are imaged.
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