Update: Dubious Fees For Homeowners Facing Foreclosure

Last week we talked about a NYT article about a bankruptcy professor who has been looking at fees loan services are charging and how she found many of them to be dubious and/or inexplicable. For example, by looking at all the defaulted loans being paid off under chapter 13 bankruptcy, she found millions of dollars of difference between what the debtor thought they owed and what the loan service said was owed. Some of that was due to the insertion of questionable fees, like “fax fees” and “demand fees.” There was a front-page NYT article on it, and now you can download the paper that started it all, Misbehavior and Mistake in Bankruptcy Mortgage Claims (PDF).

PREVIOUSLY: Dubious Fees For Homeowners Facing Foreclosure

Comments

Edit Your Comment

  1. BigNutty says:

    Not only are the fee’s something to watch out for, but also all the foreclosure scam artists that just graduated from Conn U that are practicing their newly learned skills.