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Loan Modification

: Mortgage Lender Implode-o-Meter

Banks Will Be Forced to Forgo Certain Foreclosures, Even If the Borrower Has Admittedly Defaulted!

By Implode-Explode Heavy Industries

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"Without an economic incentive to foreclose, it would not be in the bank shareholders best interests to pursue foreclosure even though borrowers clearly defaulted & owe money to the lender. The economics of distressed assets in mortgage and commercial banking are quickly changing. I am quite open to discussing this in the mainstream media if any are interested in hearing the ?Truth go Viral!?"

Full post as published by Mortgage Lender Implode-o-Meter on October 14, 2010 (boomark / email).

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