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Loan Modification

: Loan Modification & Home Loan News

Don?t Trust Those Mortgage Servicers

By Moe Bedard

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What we?re seeing here is the mortgage equivalent of credit-card sweatboxes: servicers who make sure to drain homeowners? savings before they foreclose, since they know that they won?t chase homeowners after foreclosure, even in recourse states. By holding out the promise of a modification tomorrow, they make sure to squeeze every ounce of blood out [...]

Full post as published by Loan Modification & Home Loan News on December 30, 2009 (boomark / email).

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