The same sad story over and over again. The bank says no problem, sets up a trial period and then forecloses. It’s a trap.

The post says the family “claims” they were duped.

“Claims,” yeah right, we’ve seen this technique over and over again. The bank literally takes the property legally by manipulating the families into a “trial” period, which they will then (to no one’s surprise) find the deal inadequate and then foreclose.

For cruelty and cold blooded maliciousness, it would be hard to find worse.

James Pilant

CHICAGO (CBS) –- A local couple said they did what the bank told them to do—and now they are facing foreclosure on their home. As CBS 2’s Kristyn Hartman reports, it has happened to hundreds of thousands of homeowners.  The house they were happy to build, is now a source of hurt for LaRae Alvarado and her husband. They are fighting their home mortgage default—and they say it isn’t their fault. … Read More

via CBS Chicago