loan modifications: Are Banks Better off Foreclosing Beaufort, SC Homes?
- 11/10/09 12:43 PM
Are Banks Better off Foreclosing Beaufort, SC Homes? Remember this past summer, when loan modification statistics were starting to become revealed? The data was murky, at best, when it came to determining whether the government's Making Home Affordable efforts - part of the overall stimulus package - was helping distressed homeowners keep their homes.
There were early indications that banks were dragging their feet. Then the U.S. Treasury started to put pressure on the banks, who pledged to increase those in trial modifications from about 200,000 to 500,000 by Nov. 1. Now that we're past that date, there's no hard-and-fast data … (0 comments)
Are Banks Better off Foreclosing Beaufort, SC Homes?
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