NY Times - Borrowers Face Dubious Charges in Foreclosures

Own a home you must click on link and read this story! Always read the fine print and question everything. It may cause haveick with your lown officer but it could save you time, money and your home. Please note not all lenders are like this.

"On Oct. 9, the Chapter 13 trustee in Pittsburgh asked the court to sanction Countrywide, the nation’s largest loan servicer, saying that the company had lost or destroyed more than $500,000 in checks paid by homeowners in foreclosure from December 2005 to April 2007.
The trustee, Ronda J. Winnecour, said in court filings that she was concerned that even as Countrywide misplaced or destroyed the checks, it levied charges on the borrowers, including late fees and legal costs.

“The integrity of the bankruptcy process is threatened when a single creditor dishonors its obligation to provide a truthful and accurate account of the funds it has received,” Ms. Winnecour said in requesting sanctions."

http://www.nytimes.com/2007/11/06/business/06mortgage.html?_r=1&th=&adxnnl=1&oref=slogin&emc=th&adxnnlx=1194365165-2GmGfie1llmsb0MzqpJbZQ