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Loan Modification

: Mortgage Lender Implode-o-Meter

Lenders Pursue Mortgage Payoffs Long After Homeowners Default

By Implode-Explode Heavy Industries

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"When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said. Last month, a Miami-Dade County court gave collectors permission to pursue him for $44,000 stemming from the default."

Full post as published by Mortgage Lender Implode-o-Meter on January 28, 2010 (boomark / email).

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