Joel Sucher: OCC's Magical Mystery Foreclosure Review

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Joel Sucher: OCC’s Magical Mystery Foreclosure Review

Joel Sucher: OCC’s Magical Mystery Foreclosure Review

HuffPO-

“Sign up, Sign up” for the Magical Foreclosure Review proclaimed a one-sheet circulated by OCC through a matrix of anti-foreclosure and community groups last year. “If an error is found, you could receive a payment or other compensation that may include refunded fees, stopping of a foreclosure or payments up to $125,000 plus equity.” Frankly, it sounded like a late night TV advert for an ambulance chasing law firm.

Well, now you see it, now you don’t. Quicker than you can say Office of the Comptroller of the Currency the Obama administration’s promise to do justice for over four million foreclosed homeowners has evaporated into the could-have-been ether.

[HUFFINGTON POST]

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