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Loan Modification

: Mortgage Lender Implode-o-Meter

Homebuilders Try To Scare Consumers Away From Foreclosures

By Implode-Explode Heavy Industries

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``Homebuilder Ads Highlight Pitfalls Of Foreclosures (but fail to warn home buyers of the pitfalls of shoddy new construction, code violations in new houses, arbitration, mortgage fraud or predatory lending committed by builders' in-house lenders, or limitations of home warranty policies, etc.) These read as articles but seem more like a big free ad for the homebuilding industry. Most people know there are risks with a foreclosure; most people do not realize there are risks with a new house.''

Full post as published by Mortgage Lender Implode-o-Meter on March 05, 2011 (boomark / email).

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