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Loan Modification

: Loan Modification & Home Loan News

Banks Embrace ?Extend and Pretend? as U.S. Hotels Await Rebound

By Moe Bedard

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While Nazarian kept up with his mortgage, lenders are also cutting deals with delinquent borrowers or those whose property is worth less than their loan. The trend is called ?extend and pretend? by people such as Randall Zisler, managing director of Zisler Capital Associates LLC, who say lenders may be postponing inevitable losses on owners [...]

Full post as published by Loan Modification & Home Loan News on May 13, 2010 (boomark / email).

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