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.