More homeowners in foreclosure stay put as the banks try to figure it out
Lenders not only allow more owners to continue living in a home, some even negotiate rules, such as who pays utilities. Read more.
More lenders are allowing homeowners in default to stay-put in their homes longer – and even negotiating special arrangements with them, such as the lender paying the home insurance if the homeowner pays the utility costs.
This makes a lot of sense considering the banks would have upkeep such as yard maintence etc, so why not leave the owners in the home till it sells.
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