Quote:
Originally Posted by Gtownoe
In many cases during the Housing crisis, homeowners didn't miss ANY payments and we're still foreclosed upon fraudulently. In other cases, homeowners were in good standing with the bank and were still foreclosed upon because the bank would lie about receiving payments.
Not everyone who lost their house lost it because they broke their contract. In 33% of Foreclosures it was due to bank error.
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That statistic has shown time and time again to be completely untrue. The original article you are thinking of stated that 1/3 homeowners in 2009 and 2010 thought a bank would restructure their mortgage and didn't end up doing so. That isn't fraud in any sense of the word. That is a person hoping a bank will let them get away without paying, and a bank not ending up doing so.