Last Fall’s blow-up of the mortgage servicers robosigning scandal may be a thing of the recent past, but shades of those shady practices still persist in today’s mortgage lending market.
This chilling tale culled from the chapters of the Consumerist details one man’s clash with GMAC over the purchase of his mortgage by that giant from his mortgage originator. Is this an isolated incident or will we hear of more such mortgage nightmares?
A refinancing. A botched mortgage purchase. An ominous phone call. Read up.
It would appear that the dark days are not behind us, folks.
Credit: The Consumerist