It seems as though the banks are getting a little carried away with foreclosures these days. The Zerner’s, a couple in Arizona recently lost their home to foreclosure, whats interesting about their loss is that they were no longer behind on their payments. They had successfully carried out a loan modification and paid the necessary dues to Chase Bank. Chase now says that it was a mistake to have sold the Zerner’s house, and they are now reaching out to the couple with what the next steps will be.

Fannie Mae has plans to begin a program to help homeowners who have lost their homes to foreclosure. They will no allow these homeowners to rent their home back for one year. The program is designed to help those who do not qualify for a loan modification. This also helps the banks bring in money on homes that may just sit empty otherwise.