2-track system under attack
Mortgage / Home Buyer News
It's a common complaint of struggling homeowners that mortgage loan servicers sometimes initiate a foreclosure while they are trying to get a loan modification.
Lenders defend this two-track system as a necessary way to begin the long foreclosures process in case a loan modification isn't appropriate or viable for that homeowner. Consumer groups and consumer law
Source: Bankrate.com » Mortgages