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Loan Modification

: Mortgage Lender Implode-o-Meter

Activists fight foreclosure of another Minneapolis resident

By Implode-Explode Heavy Industries

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"Neighborhood activists say the lender is treating Kidd's house as a cash machine, foreclosing on him when he can't pay the mortgage and then selling the house for far less money than what Kidd paid to buy it, while keeping his $45,000 and other payments. They say it's an example of how lenders are disenfranchising black homeowners such as Kidd."

Full post as published by Mortgage Lender Implode-o-Meter on April 10, 2010 (boomark / email).

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