Homeowner sues for being denied loan mod

DETROIT – Aug. 19, 2011 – Homeowner Kim Orsi is taking her battle against two lenders to court after being denied a loan modification – a possible sign of more such lawsuits to come.

Orsi, a hair stylist, told the Detroit-Free Press that after getting a divorce last year she was no longer able to afford her mortgage, so she contacted lenders to apply for the Home Affordable Modification Program (HAMP), a government program that provides foreclosure-prevention initiatives. Orsi says her lender, Bank of America, told her to stop making mortgage payments before she could qualify for the program. She stopped making mortgage payments and also started a pet-sitting business on the side to pay off her

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