loan modofication: AR Newbie..."Long Sales", a more appropriate term
- 10/30/08 04:12 PM
Hello All, I am new to AR and thought I would jump right in and offer my two cents... I wanted to speak to the tremendous fallout from loose lending practices and inflated property values. Many homeowners find themselves in great difficulty with rising monthly payments due to resetting loans and the decreased worth of their investment. There are many outs, however. Most lenders will work with distressed homeowners in order to avoid adding another property to their books. Banks are in the business of lending money, not managing property. Also, repossessing your home further weakens their lending power. Because of this, many … (0 comments)
Hello All, I am new to AR and thought I would jump right in and offer my two cents...
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