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Loan Modification

: Loan Modification & Home Loan News

Homeowners still walking away after given loan modifications

By Moe Bedard

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“I call it extortion,” Salter said. “Government-backed extortion. I mean, who in their right mind would accept this? No one would. No one should.” The mortgage modification solves a short-term problem: It allows Salter to stay in his home. But it doesn’t address a long-term issue. Salter’s mortgage is about $300,000. Today, his home is worth [...]

Full post as published by Loan Modification & Home Loan News on January 26, 2010 (boomark / email).

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