BANK LOAN MODIFICATION SCHEMES DESIGNED TO LEAD TO FORECLOSURE AND THEFT OF THE PROPERTY BY THE BANK
CHICAGO-(AEAE)-The horror stories about banks devising different schemes to defraud home owners out of there property never end., First the Banks gave variable rate mortgages starting with very low interests rates. Then the Banks raised the rates until the parties were unable to pay. Now the Banks are attempting to con their customers into loan modification under the guise of reducing the monthly payments only to sucker the home owner into ending up being foreclosed on. Modifications lead to foreclosure
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