Released: January 26, 2010

Mortgage ‘relief’ leads to foreclosure notice

Source: Bob Sullivan, Redtape Chronicles MSNBC

For nine months, Deb Franklin said, she did exactly what JP Morgan Chase and President Barack Obama told her to do. She made her mortgage payments on time, delivered via Western Union, after they were reduced from $1,433 to $1,233 through Obama’s Making Home Affordable program. After three payments, the mortgage relief was supposed to become permanent, but a maddening string of paperwork headaches landed her in limbo. Then, on the day after Christmas, a “bomb dropped” on her life.

A letter from a law firm representing Chase said the bank had begun foreclosure proceedings against her. 

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