The 9/6 Huffington Post reports about the excesses of automated efforts by institutions to collect on delinquencies. Leading the story is the case of a Hawaii widow who reportedly received up to 48 calls per day fro Bank of America for missing a mortgage payment after her husband died. She’s now suing the bank for receiving calls as often as every 15 minutes, even during her husband’s wake. The article cites similar cases including:
- a man arrested for foreclosure for failing to pay an overdue balance of $0.
- BofA sent $30k of social security payments to the wrong person.
- Chase had a man arrested for a check they issued to him.
Last week, four major banks offered to settle claims of wrongful foreclosure practices in a multi-million dollar deal - specifically robo-signing. Read the Huffington Post article in entirety.
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