He Built Houses For Years. Now Housing Speculators Are Trying To Hound Him Out Of His Home.

Bill says he was up front with his mortgage company about his hardships. “I told them I was going to miss that payment and it doesn’t look good for the next, either,” he said. After defaulting on the loan in August 2008, he struck a forbearance agreement: the Rabollis wouldn’t face foreclosure while they made up the missed payments gradually in future months.
It seemed, for a time, like the carpenter and his family would weather the worst of the recession and come out of it something close to intact. In arrears, maybe, but still in the Allendale, NJ home they have shared for decades.
But the company that gave Bill a forbearance decided to cut bait on him and sell his mortgage to another firm, which tried and failed to foreclose on the family before reselling the loan to yet another firm.

http://thinkprogress.org/economy/2015/10/31/3718083/rabolli-lawsuit-housing-speculators/