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10/12/2007
NY Times
Dear Editor, I am glad that something is finally being done to help homeowners facing foreclosure. Foreclosure is what happened to me back in GA in November 2'005. I got involved against my will in mortgage fraud and predatory lending. I did not know what had happened to me until it was too late and had 2 mortgages with very high interest rates. The issue is not whether or not a person can afford to buy this or that home. What really matters is that mortgage loan officers are tempted to take advantage of a borrower´s vulnerable situation because the loan officer has to earn his or her commission.
I have learned that these loan officers cannot always be trusted. The lesson was a very hard one. It has cost me my beautiful home, my family, my savings and the once almost perfect credit score I had. Eugenia Renskoff, Argentina
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