Bloomberg reported today that the majority of homeowners who receive a mortgage modification end up in trouble again in a very short time frame. The article does not address this, but my guess is that many of these folks are loosing their jobs or they are having their hours cut, and they are not able to make their payments. Another possibility is that the value of their home continues to decline, so they just decide that it is not worth keeping.
Bloomberg atricle : Majority of Modifications Fail Again
The Working Families Party’s Fight for Survival
-
Can Cuomo kill the Left’s best chance at its own political party?
3 years ago
No comments:
Post a Comment