Foreclosure review program befuddles borrowers - FORECLOSURE FRAUD

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Foreclosure review program befuddles borrowers

Foreclosure review program befuddles borrowers

Reuters-

Nothing about the letter that Keturah Miller received late last year indicated it could be worth as much as $125,000 to her. So she put it aside, forgetting about it for months until she stumbled across it while cleaning.

Miller, 34, a family liaison worker with the New York City Department of Education, read it over four times. It still made no sense to her.

“I can read the words, but the meaning of what they’re saying? That’s the confusing part for me,” she said.

The letter was one of 4.3 million forms sent under a flagship U .S. program to try to help people who may have experienced financial injury due to errors in their mortgage servicing.

An estimated 4 million families lost their homes due to foreclosure from 2007 to 2012.

[REUTERS]

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