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Loan Modification

: Loan Modification & Home Loan News

Short Sales On Second Mortgages Remain Difficult

By Moe Bedard

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One of the many obstacles to resolving the housing mess is that so many people during the boom used their houses as piggybanks, taking out second mortgages and helocs that were often originated by different banks from the originator of the first lien mortgage.  In order to do a short sale–or much of anything short [...]

Full post as published by Loan Modification & Home Loan News on January 11, 2010 (boomark / email).

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