Widower and Three Children Threatened with Foreclosure
The March 27th Staten Island Advance shares the story of a widower who is being threatened with foreclosure after losing his wife— and the mother of his three children—to cancer last year. Staten Island Legal Services Staff Attorney Joseph Sant is quoted in the piece.
From the Advance :
The biggest blow came last April when Syed Hassan
lost his wife — the mother of his three boys — to lung cancer. And now, another disaster looms: After almost a year of court battles, Hassan faces the specter of foreclosure.Wells
Fargo Home Mortgage is declining his mortgage adjustment on his Meiers
Corners property issued through the Housing Affordable Modification
Program (HAMP), a federal loan modification program designed to help
homeowners stave off foreclosure.And, despite repeated efforts, Hassan says he can't get a straight answer why. After inquiries from the Advance this week, Wells Fargo said it's attempting to work things out.
One
of the biggest unresolved issues is Hassan's application to assume the
loan that was applied for by his late wife, Regina Noto-Fabrizio, an
analyst for Atlantic Express. That request has been denied.[…]
There
are many cases like Hassan's, where people have difficulty working with
mortgage companies to get a loan modification, said Joseph Sant, with
Staten Island Legal Services."There are not enough incentives
for loan servicers to provide loan modifications," said Sant, who is not
working on Hassan's case.
Read the full article at SILive.com.
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