VeriCrest Financial, Inc. is holding people's homes hostage.

VeriCrest Financial, Inc. is refusing to proceed with bank short sales unless they receive a 20% payoff to release their lien in 2nd position. The lender in 2nd lien position stands to gain NOTHING at sheriff's sale. $0.

This act alone is forcing homes into foreclosure rather than allowing the home to be sold as a short sale.

Why would VeriCrest Financial, Inc. expect to be paid more money than all of the other lenders who accept a 10% payoff?

Is VeriCrest Financial, Inc. discriminating against protected classes by approving some short sales and not others?

I would enjoy hearing about any insights or experiences that people may have with this company.