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Loan Modification

: Mortgage Lender Implode-o-Meter

Many borrowers in default stay put as lenders delay evictions

By Implode-Explode Heavy Industries

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Despite being months behind, many strapped residents are hanging on to their homes, essentially living rent-free. Pressure on banks to modify loans and a glut of inventory are driving the trend. ""

Full post as published by Mortgage Lender Implode-o-Meter on February 27, 2010 (boomark / email).

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