Monday, July 20, 2009

Bank 'walkaways' from foreclosed homes are a growing, troubling trend

Bank 'walkaways' from foreclosed homes are a growing, troubling trend

Renetta Atterberry thought she had lost her East 102nd Street house. So she was shocked to learn in January -- five years after her mortgage company filed for foreclosure -- that it was still in her name.

Worse, the long-vacant rental home had been vandalized and she faced a raft of housing code violations. Since then, she has been saddled with debts of about $12,000 to pay for demolition and back taxes.

"I thought I had nothing else to do with that home," said Atterberry. "I was so embarrassed and humiliated by this."

Read it all.

0 Comments:

Post a Comment

<< Home