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Homeowner Told to Stop Making Payments by Mortgage Servicer

by Moe Bedard

When MC lost his second job he had trouble affording his $3,000 mortgage payment. He called his mortgage holder, Flag Star Bank, asking for a break, but the bank told him there was nothing it could do for him unless he skipped payments and submitted a loan modification package.
Can you tell where this is going? [...]

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