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2-track System Attack - Politics, Business, Civil, History - Posted: 31st Dec, 2010 - 4:02pm
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A Financial Blog
Post Date: 31st Dec, 2010 - 4:02pm / Post ID: #
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2-track system under attack
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
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TOPIC: 2-track system under attack