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To Avoid Foreclosure, Banks Require Borrowers To Waive Rights

Foreclosure Crisis Cases

First Posted: 05/09/11 10:36 AM ET Updated: 07/09/11 06:12 AM ET

ProPublica:

A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mortgage. Like millions of others, he was facing foreclosure. But there was a catch buried in the fine print. Cortez had to waive any possibility of ever suing the bank for anything relating to the loan.

Read the whole story: ProPublica

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Filed by Harry Bradford  |