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7-Cent Mistake Leads Family to Lose Their Home

Business  (tags: economy, bank foreclosures, consumers, finance )

- 3326 days ago -
DECKERVILLE, Mich. - A family is losing its home because it underpaid the mortgage by 7 cents in January, a legal aid group says


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Nancy M (170)
Monday August 10, 2009, 3:44 pm
These are the people that SHOULD get bailout money. Not there bank.

Blue Bunting (855)
Monday August 10, 2009, 3:49 pm
Look closer at how many Americans paying COBRA premiums have been DROPPED by health insurance companies because they underpaid their premiums by $.39 or $.50 or $1.50 ... the insurance companies, of course, don't send a notice until 2 months later.

Rhonda Maness (580)
Monday August 10, 2009, 4:07 pm
Thanks Terry

Past Member (0)
Monday August 10, 2009, 4:22 pm
Noted/thanks Terry/makes you realize just how "sick" this world is---very sad. GREED PREVAILS AGAIN!

Linda H (199)
Monday August 10, 2009, 5:26 pm
It happened to me with Medicare part D They refused to pay for scripts and said I did not pay when it saw to be taken of my check.Lucky I had other but more expensive insurance to cover some. Thanks,Terry

Michael Owens (1647)
Monday August 10, 2009, 5:44 pm
The Government, helps the Rich get Richer! Nothing for the POOR !

Joycey B (750)
Monday August 10, 2009, 5:46 pm
This is bull ####. Noted with anger and disgust. Thanks Terry.

Sheryl G (360)
Monday August 10, 2009, 7:09 pm
There was a woman that was having her water bill shut off for a single penny she failed to pay, she was elderly and didn't see to well. Can not someone have tossed in the penny? It hit the paper and they had a few hundred people willing to pay the penny but does it have to get to the stage of STUPID.
I'm so sick of the few raking in millions by their devious methods yet the average person struggles and still gets a kick in their pants. I am also saddened by the loss of their child...with grief it is hard to do anything and the bank makes it sound like it has been a walk in the park for these people.

Tierney G (381)
Monday August 10, 2009, 7:46 pm
Ohhhh this makes me so mad. Stupid d$#%^ banks they are horrible penny pinching greedy..... This poor family. After the loss of a child i don't know how they are functioning at all.

David B (34)
Monday August 10, 2009, 8:59 pm
so just out of curiosity whose money did the bank get to keep it afloat in the first place?? and they think they should be allowed to keep on working as a business?

Past Member (0)
Tuesday August 11, 2009, 5:37 am
That's ridiculous, I'd give them the 7cents.

Margaret F (117)
Tuesday August 11, 2009, 8:11 am
So sad and disgusting...noted.

Rocio C (38)
Tuesday August 11, 2009, 9:32 am
Noted. It is unbelievable! :-(

Nancy Welch (68)
Tuesday August 11, 2009, 2:46 pm
I guess it would take away too much from them if they were to just simply tack it on the next statement with a note explaining. OMG! Then they wouldn't be able to rip someone off and fatten their bank accounts.
Thanks Terry for sharing.

Elm Morrison (357)
Tuesday August 11, 2009, 2:48 pm
This is horrible. Why take the house back? Even if the faimly struggles to pay on time! At least the house is occupied, maintained and the bank does get some cash in. Do they think an empty house, a 'vacant' asset on their books will make their balance sheet look better? Crooked accounting.

I am really feeling for this family. God bless you - when one door closes, another will open.
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