Big financial institutions continue to foreclose on troubled borrowers in error -- either while a homeowner is awaiting a loan modification or because of fees incorrectly added to the seizure -- according to a national survey of attorneys representing borrowers.
One intent of the recent $25-billion mortgage settlement among attorneys general, the nation's five largest mortgage servicers and certain federal agencies was to do away with such errors, but in recent weeks consumer advocates have raised concerns that borrowers who are in the foreclosure process may still be harmed.
