Tuesday, December 06, 2016

Trump Treasury Pick Headed Up Bankster "Foreclosure Machine" Known For Filing Foreclosure On 90-Year Old Homeowner Who Owed 27 Cents

The New York Daily News reports:
  • A bank owned by Steven Mnuchin, Donald Trump's Treasury secretary nominee, foreclosed on a 90-year-old Florida woman who owed 27 cents, reports revealed Thursday.
    The Florida woman, Ossie Lofton, found herself facing a foreclosure by OneWest in 2014 after confusion about payments on her reverse mortgage, according to court papers obtained by Politico. Lofton sent a check for $423 in response to a bill for $423.30, the documents showed.

    The OneWest subsidiary responded by billing the Lakeland resident for $0.30, but Lofton sent a check back for only $0.03. A nonprofit firm called Florida Rural Legal Services(1) challenged the foreclosure in Polk County Circuit Court in October, Lofton’s lawyers told Politico.

    “I don’t know that they’re the worst, but I certainly think it’s criminal the way these servicers are treating elderly homeowners,” attorney Lynn Drysdale said.

    Representatives for Trump’s transition team and the bank that acquired OneWest last year, CIT Bank, didn’t immediately respond to requests for comment Thursday night.
For the story, see Trump treasury secretary pick Steven Mnuchin’s bank foreclosed on 90-year-old woman who owed 27 cents.
(1) Florida Rural Legal Services, Inc. is a private non-profit law firm that provides free legal assistance to indigent families and low-income elderly people in thirteen counties of South Central Florida (Charlotte, Desoto, Glades, Hardee, Hendry, Highlands, Indian River, Lee, Martin, Okeechobee, Palm Beach, Polk, and St. Lucie Counties). FRLS also provides legal assistance to migrant workers throughout the state of Florida.

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