Wednesday, April 3, 2013

Failed Foreclosure Fraud Settlement Continues The Nightmare For Victimized Homeowners

eCreditDaily reports:

  • The much-anticipated notices from Rust Consulting — the bank regulators’ paying agent — was suppose to clear up how much compensation wronged foreclosure victims would get for actions taken three to four years ago.

    They were mailed out over the last few days to 4.2 million borrowers and have by now reached “infamous postcard” status, as one recipient put it. Many were expecting payment instead of a postcard.

    In a string of sometimes emotional comments to eCreditDaily, many of these borrowers who are eligible for payouts wrote of disappointment, frustration and anger caused by lender actions over the past four years or so.

    And now they are feeling victimized again from further delays by regulators in providing more information and rightful closure to a long nightmare.

    The cards that arrived in the mail this week offered few details and informed eligible buyers of another wait of four to eight weeks for getting payouts, more details or more paperwork to fill out. No one knows for sure.

No comments: