Monday, December 20, 2010

Housing Nightmare Upends Family, Enriches Investor : NPR

Housing Nightmare Upends Family, Enriches Investor : NPR: "A Push For Mediation

Paul Collier, a Massachusetts attorney who works with families facing foreclosure, says that rather than auctioning off the home at a fire-sale discount, Wells Fargo could have worked out a deal that benefited the bank and the family.
Read More About Foreclosure Mediation Efforts
Housing Advocates Seek Foreclosure Options Oct. 23, 2010
Mediation Effort Aims To Untangle Foreclosure Mess Oct. 18, 2010

'And what the bank got out of it was taking the home of a family who could afford a fair-market price for that home in order to punish them for having been victims of a predatory mortgage,' he says."

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