South Florida Homeowner Facing Foreclosure Out $7,000 After Hiring Firm In Failed Loan Modification Attempt

In Lehigh Acres, Florida, The News Press reports:

• Yolande Tanelus was in danger of losing her home and after paying nearly $7,000 to a foreclosure rescue company, she's in even worse financial trouble. Tanelus worked two jobs to pay the $2,872 mortgage on her home in Pompano Beach. But at age 51, she could no longer keep up the pace of a 16-hour workday, so she quit one of the jobs. That's when she fell behind in her payments to Countrywide Home Loans.

• Tanelus, who now lives in Lehigh Acres, turned to Outreach Housing LLC, a Fort Lauderdale company billed as a "grass roots organization helping homeowners fend off aggressive mortgage lenders and defend themselves against erroneous lender practices." By contacting Outreach, Tanelus had gone from the frying pan into the fire.

For more, see Mortgage 'rescuer' lets owner drown.

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