Many mortgage modifications push payments .... higher - USAT | Foreclosures

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7 votes

Many mortgage modifications push payments .... higher - USAT

Posted By: Lafi S., over 2 years ago (Report Spam)
Category: Foreclosures / Type: News
Source: usatoday.com

Tens of thousands of financially strapped homeowners who have asked lenders to lower their mortgage payments are instead winding up with higher monthly payments and larger debts on their homes.

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At 07:15PM on September 17, 2009 - Will Barnard said...

In some cases though James, if the lender gave out a fraudulent loan, wouldn't you want your principle reduced? In other cases, I agree.

At 01:44AM on September 16, 2009 - James Ward said...

I still can't believe that people are still fussing about Lenders not reducing their principle.

At 07:55PM on September 15, 2009 - Will Barnard said...

Not only that, they waive their legal right to go after the banks for any fraud or other violations.

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Many mortgage modifications push payments .... higher - USAT

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