Update from the Foreclosure Based Economy 0
Responsible fiscals at work.
Washington was in the middle of a loan modification with Bank of America when her son who is in the military was wounded and sent to a hospital in Germany. She informed the bank that she needed to go be with her son, and BoA assured her in a letter that they were aware of her trip and: “will await your return so that we can finish the loan modification process.” She thought everything would be fine until her return.
But just days after leaving, the bank foreclosed, and Fannie Mae took ownership of her home.
Via C&L.