SCAM | Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan

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SCAM | Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan

SCAM | Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan

The gift that has no limit! Even with massive fraud, these degenerates are getting their fees paid!

CRIME PAYS!


My Palm Beach Post-

Banks are getting tens of millions of taxpayer dollars through Florida’s key foreclosure prevention program to pay down borrower debt, but are also using the money to pay off their own attorney’s fees and other costs associated with taking back people’s homes.

The more than $1 billion Hardest Hit program has been operating statewide for two years, awarding struggling borrowers 12 months of mortgage payments and between $18,000 and $24,000 to bring a mortgage current.

But some homeowners exiting the program are finding themselves still in debt and on the same path to foreclosure after their lender subtracted legal costs from the Hardest Hit stipend.

While the Hardest Hit program allows lenders to use the money to pay their attorney fees and out-of-pocket expenses, the federal law that authorized the plan forbids homeowners from doing the same.

[MY PALM BEACH POST]

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3 Responses to “SCAM | Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan”

  1. The politicians and banksters sure know how to milk the cow and starve it at the same time.

  2. Sarah says:

    Solution? Hand the money directly to homeowners. Oh no! Heaven forbid!
    That would help people hold onto housing, instead of socialism for rich people/investors.

  3. Rob Harrington says:

    lazy lawyering will cause more damage to a homeowner more than anything else??? “…under other law, nullifies the obligation of the obligor;” http://www.lawserver.com/law/state/florida/statutes/florida_statutes_673-3051

    Is your lawyer doing the best job for you? Mine are!

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