In terms of mortgage financing you want a loan with the best rates and terms — and you want a lender or insurance plan that shares your need to
stay out of the foreclosure pool, that suffers if your loan goes bad.
Not exact matches
When housing prices tank, everybody loses; the banks are exposed to higher risk
of mortgage defaults, insurers start having to pay
out more for «gas leaks» claiming over-leveraged homes, realtors starve because their commissions go down (even as
foreclosures put more homes on the market) and people faced with financial uncertainty will
stay put in their current homes instead
of moving elsewhere.
I have said it many times but we should have just let the people's homes go into
foreclosure and let the market it work it
out instead
of all these «fixes» to try to get people to
stay in homes they can't afford.
The idea is that if borrowers are eligible for the modification program but are unable to work
out a plan to
stay in their home, they — and their lenders — have a well - mapped route for executing a short sale or a deed in lieu
of foreclosure.
If you're facing
foreclosure, we can help you get the cash you need to
stay out of the gutter and get your life back on track.