reply to post by Jessicamsa
What a truly frightening thought. That just left me at a total loss for words, because it is outright theft.
Of course, he will have to hire an attorney and sue the mortgage company for breech of contract, and file bankruptcy in the meantime to keep his
home.
Just wow.
Homeowners left in a lurch after mortgage refinancing checks bounce , page 1
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Topic started on 8-11-2009 @ 01:23 PM by Jessicamsa
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I am wondering how purposeful this is. This man, and others like him, will now legally owe a mortage to those they refinanced with, lost money, and still lose their homes to the banks. The banks will end up owning everything.
In early April, Jeff Franson refinanced his mortgage, switching it from Chase to SecurityNational Mortgage Co.
On a sunny Saturday in early October, as he was mowing the front lawn of his Mokena home, a process server drove up and handed Franson papers that showed Chase was planning to foreclose on his home.
Franson was current on his mortgage with SecurityNational. But the $93,702.51 check cut by Counselors' Title Co. to pay off the Chase loan bounced. After months of phone calls and letters between Franson, his attorney and the companies involved, Chase filed foreclosure papers in Will County Circuit Court.
I am wondering how purposeful this is. This man, and others like him, will now legally owe a mortage to those they refinanced with, lost money, and still lose their homes to the banks. The banks will end up owning everything.
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