Incidents Of Wrongful Foreclosures Growing, Say Lawyers, Consumer Advocates

The Associated Press reports:

• People have always loved to complain about their banks. The push-button circus that passes for customer service. The larding on of fees. But the false foreclosure cases are hardly the usual complaints. These homeowners paid their mortgages — or loan modifications — on time. Some even paid off their loans. Worse, those on the receiving end of a bad foreclosure claim tell similar stories of getting bounced from one bank official to the next with no resolution while the foreclosure process continues apace.

• Many have to resort to paying a lawyer, even after presenting documentation. They say they have to sue not only to stop the wrongful foreclosure but also to attempt to win back their costs. There are no official statistics for these homeowners, but lawyers, real estate agents and consumer advocates say their ranks are growing.

For more, see Wrongful Foreclosures Puzzle Homeowners.