Retired Mass. Deputy Suffers Common Loan Modification Problems

April 8, 2010 - A former Massachusetts resident, who served the public as a sheriff's deputy, is experiencing problems with the loan modification process similar to those suffered by homeowners across the country. According to reports at The Citizen of Laconia, 61-year-old Stephen Mann, who now lives in New Hampshire, is at risk of losing his home after a series of loan modification nightmares.

Mann's troubles began in March 2009, when he attempted to secure a loan modification through the federal government's Home Affordable Modification Program (HAMP). Under HAMP, homeowners at risk of foreclosure can see reduced monthly payments or principal as long as they agree to certain conditions. It had become hard for Mann to make his payments after he encountered medical problems and his wife left.

Like many homeowners, Mann submitted the proper paperwork to his mortgage lender and waited. When he still hadn't received a response six weeks later, he called the bank, which told him they never received the forms. He faxed the forms again. Six weeks later, he received the same response from the bank -- they didn't receive the paperwork. 

In the meantime, he received a notice of foreclosure on his home. Stephen Mann's story is incredibly common around the country, and reports indicate that banks commonly say they didn't receive paperwork as a delay or stall tactic. If you are encountering the same behavior, contact an experienced Massachusetts consumer protections attorney right away.