Monday, December 16, 2013


(h/t Atrios)

The banksters get caught screwing over people...again!
Secret Inside BofA Office of CEO Stymied Needy Homeowners
By Hugh Son Dec 15, 2013 10:00 PM MT
Bloomberg News

The most common tactic used to stall and reject homeowners was to claim they hadn’t submitted paperwork, according to all nine former employees. Urban Lending requested new applications and supporting documents including pay stubs every 30 to 60 days, even if the customer had sent them, the people said.

“People went through years of sending documents in,” said Daniel Ellersdorfer, 37, a customer advocate who left Urban Lending after 13 months in September 2012 and is now a scuba-diving instructor. “There were people who did everything right and they would still get screwed over and have to start the modification process all over.”

1 comment:

Ken Hoop said...

worth a read.