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Fighting Foreclosures

Fighting Foreclosures

In the middle of the mortgage mess, Baltimore -- a city whose foreclosure filings jumped 25 percent last year -- has decided to fight back. Mayor Sheila Dixon took the bold move of suing the city's biggest lender, Wells Fargo, saying that predatory lending practices had led to the boarding up of many homes. Wells Fargo says it is not to blame and is unfairly being singled out. Some residents are fed up and taking the matter of saving their homes into their own hands.
Ref. ABC Nightline

Foreclosures Fighting

I have to agree that this is not the fault of just one bank. Going after one bank in general is not going to solve the issues with this city or any other city. It is going to take more to take care of this problem

Fighting Foreclosures History & Civil Business Politics

Foreclosures grind on as lenders fail to modify loans

The Obama administration's $75 billion program to reduce foreclosures has been beset by backlogs and delays, leading many overstretched homeowners to complain about unreturned phone calls and inaccurate information from lenders, while others say they were denied help for reasons that weren't clear. Ref. Source 2