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Loan Modification

: Loan Modification & Home Loan News

Mortgage help can turn into disaster

By Moe Bedard

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(Source: Star Tribune) – Many people who sought help under a federal program created to keep them from losing their homes are instead getting saddled with huge, unexpected bills. Thousands now face a stark choice: Go deeper into debt, or foreclosure. Lenders routinely approved short-term “trial” loan modifications that reduced payments for desperate borrowers under [...]

Full post as published by Loan Modification & Home Loan News on January 26, 2011 (boomark / email).

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