All delinquent borrowers living in properties worth less than the outstanding balance of the loan will be offered a loan modification in lieu of a foreclosure because the banks can’t absorb the losses.
Prior to the housing bust, lenders always foreclosed on delinquent borrowers — always. T...
Will banks can-kick bad loans for as long as it takes?
Wednesday, March 2, 2016
OCHN: Will banks can-kick bad loans for as long as it takes?
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