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Consumer Law

: Caveat Emptor

Attention homeowners: your lender can help you avoid foreclosure

By Sam Glover

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[Consumer Law & Policy Blog crosspost] According to a Freddie Mac study, 57% of homeowners are unaware of the workout options that could help them avoid foreclosure. And this is an improvement, up from 61% in 2005. Will the lender actually work something out? It’s worth a try, and lenders do know that allowing a house to go into foreclosure is bad for everyone, lenders included. [via Consumerist] read more

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Full post as published by Caveat Emptor on January 31, 2008 (boomark / email).

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