Citimortgage Recruits Knuckles To Foreclosure On Retired Veteran
Citimortgage Pursues Foreclosure Against Veteran With The Zeal Of A Fat Guy At An All-You-Can-Eat Buffet Citimortgage has pursued Tom and Sandy Lennon with the zeal of a fat guy at an All-You-Can-Eat Chinese buffet. All Tom and Sandy Lennon wanted to do in 2008 was retire to Naples, Florida and play golf. The last thing they wanted was a decade-long legal battle with Citimortgage. Unfortunately, that is exactly what they got thanks to the 2008 financial collapse. Overnight, they discovered their house in Warwick, New York had lost 75% of its value. The Lennons soon found they couldn't sell their home. So they asked their lender, Citimortgage (Citi) for a short sale or a Cash-For-Keys deal. Citi oddly enough refused. The decision was odd because it made no sense at the time. The federal government had just bailed out Citi and every other lender was cutting deals. One of the requirements to receive TARP money was that the recipients had to assist homeowners...