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Old 05-10-2011, 10:56 AM
 
12,282 posts, read 13,239,617 times
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In Fine Print, Banks Require Struggling Homeowners to Waive Rights - ProPublica


While regulators have banned the practice, some banks and others who handle mortgages have still been forcing homeowners into a corner: You want a chance at saving your home? Then you'll have to waive your rights.

Homeowners face a tough choice with these offers. Despite the overwhelming need, it remains a struggle for borrowers to get help. Any offer might be the last one to come along. Yet if a homeowner signs away their right to sue, they might be forfeiting the best leverage they have to get a lasting solution, borrower attorneys say.

I don't know where Mo.stands on this.
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