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Loan Modification

: Mortgage Lender Implode-o-Meter

HUD Foreclosures Now Include Properties in Default

By Implode-Explode Heavy Industries

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"The US Department of Housing and Urban Development (HUD) changed how it defines foreclosed and abandoned properties to include properties in default and uninhabitable homes with code violations. Effective immediately, homes that are 60 days or more behind on the mortgage can be considered foreclosed under the new definition"

Full post as published by Mortgage Lender Implode-o-Meter on April 02, 2010 (boomark / email).

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