Botched Foreclosure Shines Spotlight On Banks’ Ignorance Of The Rules

In Georgia, there is a program called HomeSafe, intended to prevent homeowners who have just lost their jobs and are only a little behind on their mortgage from losing their homes. When someone is accepted into the program, lenders are required to pause foreclosure actions, but that didn’t stop Citi and Freddie Mac from trying to evict one woman. [More]

(Sarah McGowen)

Homeowners Win Lawsuit Over Fraudulent Foreclosure But May Still Lose House

A California couple recently won a lawsuit claiming that their mortgage servicer fraudulently foreclosed on their home, but limits on the damages in the case mean that the homeowners can’t even cover their legal bills, let alone keep their house. [More]