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Loan Modification

: Mortgage Lender Implode-o-Meter

Communities Get First Shot at Foreclosed Homes

By Implode-Explode Heavy Industries

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"Major mortgage lenders will now give state and local governments the right to buy foreclosed properties before they go on the market, giving them "a leg up" on speculators who have often thwarted local redevelopment efforts, Housing Secretary Shaun Donovan announced Wednesday."

Full post as published by Mortgage Lender Implode-o-Meter on September 04, 2010 (boomark / email).

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