Homeowners’ Loan Mod Hurdles
Here are our editors’ picks from today’s roundup of investigative stories around the Web. Was there a story we missed? Please keep sending us your picks or include them in the comments section below.
The New York Times gives a glimpse into the bureaucratic morass that defines the experience of seeking government-sponsored loan modifications for many homeowners. Borrowers report missing papers, endless telephone hold times and contradictory advice.
Also, the Columbus Dispatch reports on the Ohio attorney general’s recent crackdown on suspected foreclosure-rescue scams. The lawsuits target con artists who pose as mortgage negotiators and charge homeowners fees to assist in mortgage modification without doing any work.
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