Mortgage Foreclosures More Profitable than Workouts

Posted by on December 3, 2009 | No Comments

A brief, yet eye-opening look at how mortgage servicers are finding it better for their bottom line to foreclose on homes than to offer loan modifications (such as the federal government’s HAMP program). See how mortgage servicers may even profit when homeowners foreclose.

Source: Consumer Reports

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Filed Under: Mortgage

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