Showing posts with label foreclose. Show all posts
Showing posts with label foreclose. Show all posts

12/6/11

Video Shows How System Screws Home Owners

'Occupy Our Homes' Protesters Highlight Foreclosures Nationwide | Common Dreams: "Hull said he owed more than $230,000 on the home and hadn't made a payment since last year. Hennepin County records show Bank of America sold the property in August to U.S. Bank for $83,700.

"This is the typical situation," said Steve Fletcher, director of Minnesota Neighborhoods Organizing for Change, a local community organizing group. "The banks are being incredibly bad about negotiating with homeowners [for loan modifications] and then they turn around and sell the house at a huge loss at a sheriff's sale.""

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