The Home Equity Theft Reporter: BofA Begins F’closure On Elderly Couple For Paying Too Early On Loan Mod Payments After Telling Them Default Required For Payment Workout Eligibility

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BofA Begins F’closure On Elderly Couple For Paying Too Early On Loan Mod Payments After Telling Them Default Required For Payment Workout Eligibility In New Port Richey, Florida, the St. Petersburg Times reports:

And those home owners who are so distressed that would not be able to service their mortgages even at a level equal to the lower market price of the home and with a fixed rate (rather than variable rate) mortgage should be forced into foreclosure and move into rentals; not everyone can afford – ever after debt relief – to be a home owner.

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