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Judge allows lawsuit over botched mortgage modifications to proceed.

 

The Chicago Tribune (10/25, Podmolik, 463K) reports, “A Yorkville homeowner's lawsuit alleging that her lender botched her efforts to modify her mortgage will be allowed to proceed and seek class-action status, a Federal court judge ruled this week.” The Tribune notes that the ruling “by U.S. District Court Judge Sharon Johnson Coleman, denying OneWest Bank's motion to dismiss the case filed by Stacey Fletcher, shows that the door has been opened to homeowners and former homeowners who believe their lenders mishandled applications for participation in the government's loan modification programs, according to Steven Woodrow, one of Fletcher's attorneys.” Woodrow is quoted in the article as saying, “It really helps the people who are really being strung along.”

 

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