I-Team: Lenders Use Loopholes in Hardest Hit Fund - 8 News NOW

I-Team: Lenders Use Loopholes in Hardest Hit Fund

Posted: Updated:

LAS VEGAS - Debbie Burkhead's life is all about poker. She doesn't just play it, she lives it. She's made her home a tribute to the game that changed her life. An award winning professional, Debbie moved into what she calls her dream home in 2005.

"Things were just really good, because the poker world was booming," she said.

Then the housing market crashed, and the poker world wasn't far behind. She was underwater on her mortgage and struggling.

She turned to the Hardest Hit Fund and was one of the lucky ones who got cash before the program stopped taking applications.

"Nevada's Hardest Hit gave me up to fifty thousand dollars," she said.

The money helped whittle down the $250,000 she owes, but she received a shock. She says she was told banks would match the funds, but her bank refused. She wanted answers.

"If they had matched it, I would have been right where I needed to be and be able to build equity back in my home," she said.

8 on Your Side went directly to Hardest Hit officials and Burkhead's bank and discovered many banks will match the funds, but it's not a requirement. Burkhead's lender Green Tree Servicing refused, leaving her with little recourse.

The news doesn't sit well with Burkhead, but she knows she's lucky to have gotten any help.

"Because of the Hardest Hit, at least it is giving me some daylight of recouping my money," she said.

If you have a problem you want investigated, contact 8 on Your Side at 702-650-1907 or e-mail us.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.