New Orleans Tomorrow in Phoenix Advocates & Actions will release a report called “Modification Mysteries: Playing Foreclosure Roulette with the Banks.” The report will not only document the huge ineptness of the Treasury Department and the banks in handling foreclosure modifications (as I discussed last week less than $250 million has been spent of the …
Tag: Foreclosure
No Relief for Foreclosure Victims
Portland Are you kidding me? What does it take for the Treasury Department to make the foreclosure modification program to work? Well, they have to actually run the program and supervise the banks, rather than let the foxes run and guard the hen house. Seems the inspector general for TARP – the bailout program – …
Few Modifications and No Truth from Bank of America & Buddies in Phoenix
Phoenix Ten families squeezed into the living room with a couple of kids, some concerned girlfriends, sisters and friends, so talk about the foreclosures they were facing or worse. Chairs came from the kitchen and everywhere else. Most of these victims, because that’s the only term that seems to fit, had loans with Bank America …