Showing posts with label modifications. Show all posts
Showing posts with label modifications. Show all posts

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)