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Loan Modification

: Mortgage Lender Implode-o-Meter

Michigan Foreclosures-by-Advertising Catch Homeowners Off Guard

By Implode-Explode Heavy Industries

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"Homeowners nationwide claim that banks and loan servicers are pushing through foreclosures, or arbitrarily rejecting or ignoring loan-modification requests. As the auto industry crumbled, Michigan, with a jobless rate of 11.7 percent, saw its foreclosure rate climb to as high as second in the nation in 2007, according to RealtyTrac Inc., which compiles housing data"

Full post as published by Mortgage Lender Implode-o-Meter on February 24, 2011 (boomark / email).

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