Is foreclosure such a lucrative endeavor that it could actually be part of a long term financial business plan?
The foreclosure industry, along with its ancillary vendors and servicers is HUGE.
Is it possible that high risk, expensively insured loans are being underwritten to keep the foreclosure pipeline flowing for years to come?
Is the only thing that we learned from the mistakes of past is that the numbers didn’t reconcile, and foreclosure can be palatable as long as it is a money maker?
The misery moguls ignore the human element in the formula of foreclosure. They cannot see past the bottom line.
And they are “insuring” the fact that the foreclosure business will continue to boom for the next generation of home buyers.
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