In Fine Print, Banks Require Struggling Homeowners to Waive Rights

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In Fine Print, Banks Require Struggling Homeowners to Waive Rights

In Fine Print, Banks Require Struggling Homeowners to Waive Rights

Certainly everyone knows to read the fine print by now…

ProPUBLICA-

A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mortgage. Like millions of others, he was facing foreclosure. But there was a catch buried in the fine print. Cortez had to waive any possibility of ever suing the bank for anything relating to the loan.

Cortez isn’t alone. While regulators have banned the practice, some banks and others who handle mortgages have still been forcing homeowners into a corner: You want a chance at saving your home? Then you’ll have to waive your rights.


© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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- who has written 8643 posts on FORECLOSURE FRAUD | by DinSFLA.

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One Response to “In Fine Print, Banks Require Struggling Homeowners to Waive Rights”

  1. erin says:

    this be illegal under fairhousing not only that it not legal to do this what i am saying i sign it indeed i can sue because they cant legally have you do this. but they have rich lawyers coughing communism by the way america was founding on read a history book

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