Bank Screw-Up Throws Tennessee Congresswoman's Home Into Foreclosure; No Word Yet On Impending Blizzard Of Unscrupulous Loan Modification Offers
- A bank's mistake caused a Tennessee congresswoman's home to enter foreclosure. Bank officials say Republican U.S. Rep. Marsha Blackburn's home was placed into foreclosure proceedings because of a processing error.
- GreenBank spokesman Bill Adams said in a letter dated Thursday that Blackburn's husband had authorized several electronic mortgage payments for the suburban Nashville home, but that the bank failed to send the money to Countrywide Financial. Adams says the Greeneville-based bank is working with Countrywide to resolve the issue.
No word on whether Rep. Blackburn has begun finding her mailbox stuffed with loan modification solicitations.
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