Banks are paying close attention to what is being said about them on media outlets like YouTube... [View all]
http://www.theuptake.org/2012/08/10/social-media-potent-weapon-in-foreclosure-fight/
Social Media Potent Weapon In Foreclosure Fight
Kristina Darrington did a happy dance in her office cubicle on Tuesday. She called her husband Frank Clark to tell him the good news-Bank of America agreed to new terms on her mortgage. When Frank found out, he said he skipped through his job site.
People were looking at me like I lost my marbles, said Frank.
Clark and Darrington got $700 knocked off their monthly payment. Thats affordable, according to the couple whove been battling Bank of America for nearly three years. Another claim is that they received a principle forebearance of $39,000. Thats different than a principle reduction, which takes the amount off the original loan. Instead, Darrington and Clark will get a pass until the end when they will have to pay off the original amount, which includes the $39,000.
(More at the link.) Via Occupy Fights Foreclosures