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Loan Modification

: Mortgage Lender Implode-o-Meter

foreclosure no longer most common outcome for struggling borrowers

By Implode-Explode Heavy Industries

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"A recent survey of 53 mortgage counselors (with 14,000+ caseloads in the past two months) conducted by the California Reinvestment Coalition revealed that foreclosure is no longer reported as the most common outcome for struggling borrowers, the first time since the survey began in 2007."

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

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