Saturday, February 24, 2007

Predatory Mortgage Servicing Practices

A recent consumer article by Jack Guttentag provides a list of some of the common abusive practices engaged in by predatory mortgage servicers. To read more, see Home-loan servicing gone awry.

For a story of New Hampshire homeowner Michael Dillon and his nightmare experiences with alleged predatory mortgage servicer Fairbanks Capital Corporation, now known as Select Portfolio Servicing, see Mortgage Go-Betweens Snag NH Consumers.

Or click here to listen to the New Hampshire Public Radio report on Michael Dillon's circumstances.

Mr. Dillon has a website devoted to his experiences with Fairbanks, at www.getdshirtz.com

Other consumer articles on this subject are:

Can I fire my mortgage servicer?
It's simple common sense -borrowers need proof of payment!

Click here for a Federal Trade Commission FTC Consumer Fact Sheet on Mortgage Servicers.

Go here , go here , and go here for posts on questionable mortgage servicing practices. questionable mortgage servicing practices tactics zebra
.