Lenders seek court actions against homeowners years after foreclosure

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Lenders seek court actions against homeowners years after foreclosure

Lenders seek court actions against homeowners years after foreclosure

Very sad this should continue.

Obama Administration isn’t doing anything about the millions kicked to the curb and the regulators are busy twirling around the revolving door.

So homeowners, if you can hire a good attorney.

Washington Post-

For Jose Santos Benavides, the ordeal of losing his home was over.

The Salvadoran immigrant had worked for years as a self-employed landscaper to make a $15,000 down payment on a four-bedroom house in Rockville. He had achieved a portion of the American dream, earning nearly six figures.

Then the economy soured, and lean paychecks turned into late mortgage payments. On Aug. 20, 2008, one year after he bought his dream home for $469,000, the bank’s threat to take his house became real via a letter in the mail. Just four days before the bank seized the property, he moved out, along with his wife and their two young children.

That wasn’t the worst of it.

[WASHINGTON POST]

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One Response to “Lenders seek court actions against homeowners years after foreclosure”

  1. Nancy says:

    There should be a way for this man and his family to have his home and be repaid for everything he has lost and then some.

    This is going to happen to most of us even as we fight the foreclosures if there is nothing done to stop this insidious practice of greed from the financial institutions here in America. We were made up people who wanted something for their lives and the lives of their families.

    We need to either change the entire White House, Congress, Wall Street and go back to the original writings of the Constitution of America. There have been to many of men and women who have their all for the freedoms we have in this country.

    Get on your knees and ask GOD for forgiveness. He is our answer in these troubled times.

    I am fighting for my home and the right to live as a free person in this wonderful country. Stand up/kneel down, ask and then do your best.

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