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Real Estate & Property Law

: The Home Equity Theft Reporter

Use Of "Homemade Mortgage Modifications" Reduces Some Borrowers' House Payments To $0; "Free Rent" Approach To Loan Obligations May Be On Upswing

By r morris

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In St. Petersburg, Florida, The New York Times reports:A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a sort of homemade mortgage modification, one that brings their payments all the way down to zero. They use the money they save to get back on their feet or just get by.This type of modification does not beg for a lender?s

Full post as published by The Home Equity Theft Reporter on June 02, 2010 (boomark / email).

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