Before the ink has even dried on the national robo-signing settlement, banks were back to business as usual. The business being foreclosing upon struggling homeowners.
Last month, more than 14,000 Maryland families learned that they might lose their homes in foreclosure. These are families who worked hard, played by the rules, and found that banks had their own separate rule-book.
Kevin M., from Baltimore City, learned this lesson the hard way. An Iraq war veteran, Kevin was working full-time while taking college courses part-time when his war injury forced him to stop working. He called his lender and asked them to modify his loan. Instead, they foreclosed on his home while telling him his loan modification was still being considered.
Please join Moving Maryland Forward Network (MMFN) member Maryland Consumer Rights Coalition (MCRC) in demanding that big banks who made record profits selling irresponsible, predatory loans act quickly to to help Maryland families avoid foreclosure.
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