Just more fuel on why NY AG Schneiderman should give it all he has to stop this insanity.
NYTIMES-
For those who live in the alternate universe that is New York outside of Manhattan, brownstone Brooklyn and assorted upper-income offshoots, Mimi Pierre Johnson’s story is depressingly familiar.
She and her husband bought their four-bedroom home in Elmont, on Long Island, for $413,000 in 2005. Then the recession blew in. Her husband lost his construction job, her real estate work slowed and their boiler wheezed and died. Their once-reasonable mortgage resembled a forbidding mountain.
She dialed her bank, JPMorgan Chase, seeking a lifeline. The bank gave her a temporary modification, but then canceled it. It lost her documents. It did not return her calls. Late fees and lawyer bills piled up. “I’m a Realtor; I know I’m doomed,” Ms. Johnson said. “But I want to say to Chase, ‘Hello!? The government gave you a bailout to help people like me.’ ”
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