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Loan Modification

: The Truth About Mortgage.com

Bank Repossessions Hit Record High in August

By scot184

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Though mortgage defaults have been falling for several months, bank repossessions (where borrowers actually lose their homes) have been climbing ever higher as mortgage lenders continue to work through their backlogs. They reportedly reached a new all-time high last month, according to data set to be released by RealtyTrac tomorrow (via Realty Check). The number of bank [...]

Full post as published by The Truth About Mortgage.com on September 15, 2010 (boomark / email).

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