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Loan Modification

: Mortgage Lender Implode-o-Meter

JP Morgan Told Judge To Stop Paying Mortgage To Become Eligible For Loan Modification

By Implode-Explode Heavy Industries

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"What is amazing, however, is that the reason for his 12 month delinquency is that according to JP Morgan, who service the loan, the only way Sikora would be eligible for loan modification would be if he were in delinquency, which is what they advised him to do. That's right - a bank formally told a client to willfully default on a mortgage. "

Full post as published by Mortgage Lender Implode-o-Meter on January 13, 2011 (boomark / email).

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