Homeowners battle banks to stop foreclosures ... and win

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Revenge can be sweet. It can be even sweeter when you use your enemy’s own weapons to extract vengeance.

Six years into the worst wave of foreclosures since the Great Depression, shoddy underwriting and legal shortcuts are coming back to haunt mortgage lenders. Homeowners, sick of being pushed around by the banks, are fighting back, sometimes with David and Goliath results.

In 2008, Jewel Miser and her husband Jack began trying to get Bank of America to modify their mortgage when Jack lost his job after a local auto parts factory closed.

“We were just a month behind then,” said Jewel. “But I tried every way in the world. And they just put me off and gave me excuses.” More...