Tuesday, October 23, 2012

Mounting Evidence Raises Questions About Independent Foreclosure Review

Mounting Evidence Raises Questions About Independent Foreclosure Review: "Casper said he called a number included in his letter for the Independent Foreclosure Review. He reached a representative who directed him to Promontory, which reviewed his loan, he said. Casper said he then had to look the company up on the internet and call a main line.

The homeowner said he has talked to five different Promontory employees in the last few days, and has had to start his story from scratch with each one. On Friday, he said he was told to check back in five to seven days.

Promontory did not respond to a request for comment.

Casper said he understands that mistakes are possible in any process. But he maintains that any truly independent auditor would have looked at the document he submitted along with his application, which would have shown that the bank's conclusion was inappropriate.

He said he cannot believe that the same banks that have paid billions of dollars in legal penalties because of their poor treatment of homeowners could be trusted to review their own loans, in any capacity.

"It's like asking Al Qaeda to look into 9/11," he said."

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IT IS AMAZING IN THIS DAY THAT THIS IS STILL HAPPENING. SO MANY PEOPLE NOT HELPED BY MODIFICATIONS OR HELPED IN ANY WAY. IT IS APPALLING.


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