Thursday, December 2, 2010

Home loan modifications lead to foreclosure



From the producer
   This was an in-depth news story I did about three families who found themselves in danger of losing their homes to foreclosure after applying for a home loan modification through their lenders. The families believe that it's in the lender's best interest to have a home go into foreclosure than give a homeowner a modification. This is a practice that's called "parallel foreclosure".
(Side note: I also edited this piece)

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