The real estate market is in a choke-hold which won't be released until 2015-2018.
Showing posts with label home loans. Show all posts
Showing posts with label home loans. Show all posts
Thursday, December 30, 2010
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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