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Loan Modification
: Mortgage Lender Implode-o-MeterUS homeowners flock to Florida event in desperate bid to save properties
By Implode-Explode Heavy Industries
"It's either feed your kids or pay your mortgage," says Omayra Delgado, a 33-year-old special education teacher whose Miami house has slumped in value from $160,000 (£103,000) to $60,000. "My home is in foreclosure. I'm trying to keep it."
Politicians' talk of an economic recovery is laughable to many of those here. This is a last, desperate bid to cling on to home ownership ? the event is shrewdly named "save the dream".
Full post as published by Mortgage Lender Implode-o-Meter on August 31, 2010 (boomark / email).
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