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Loan Modification

: Loan Modification & Home Loan News

Hock My Home and Walk Away

By Moe Bedard

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Hocking the house for quick cash is a lot harder than it used to be, and it’s causing headaches for homeowners, banks and the economy. During the housing boom, millions of people borrowed against the value of their homes to remodel kitchens, finish basements, pay off credit cards, buy TVs or cars, and finance educations. Banks encouraged [...]

Full post as published by Loan Modification & Home Loan News on December 28, 2009 (boomark / email).

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