The Real Reason So Many Home Loan Modifications Fail

December 7, 2009

Loans & Mortgages

This guy is so right, it’s not even funny!  Enough with wasting our tax payer’s money and dumping good money after the bad!!!!!!!!!!!!!!!!!!

Loan Modifications, or rather the majority of them, fail.  That’s the simple truth.  Want to know why?  Take a look at the article ( click here for a link).loan modification

If you are in the banking industry and know the inside scoop – do you think the lenders will allow borrowers who never submit paperwork, after the forbearance period, stay in the homes, instead of foreclosing on them?   For some people, money really does seem to grow on trees.

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