Countrywide Accused of Inflating Foreclosure Fees - Mortgage Forums for Mortgage Brokers

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Countrywide Accused of Inflating Foreclosure Fees

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02-29-2008, 08:56 AM

Veronica Corningstone Veronica Corningstone is offline

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Countrywide Accused of Inflating Foreclosure Fees

A lawsuit has been filed against Countrywide Home Loans Inc. for allegedly inflating foreclosure expenses. Countrywide is accused of extracting improper fees, expenses and attorney fees from borrowers in foreclosure proceedings. In some cases, the Calabasas, Calif.-based company allegedly charged higher fees than it incurred -- a breach of the notes.

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