Previously, we reported on a Chinese immigrant with a debilitating disease whose home was foreclosed and auctioned off by Countrywide bank. Wilson Young, the managing partner of the firm that bought the house, says he would not be able to sleep at night knowing he took the home from Hong Zhang Lin who suffers from Parkinson’s disease and did not know his home had been foreclosed. Lin’s house had been auctioned off, all because he defaulted on a $20,000 equity loan which he received from Countrywide bank last year. However, he’s never missed a mortgage payment on his Countrywide home loan for 15 years. His sister, Mia Lum, who lives elsewhere, taught him how to recognize and pay his bills, but warned him not to open unsolicited mail for fear someone would steal his identity. That’s why he never opened mailers from ReconTrust, Countrywide’s subsidiary that handles foreclosures — letters that first warned him about falling behind in his payments, then informed him his house had been foreclosed. Read More