Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Abathar

True but what do you call a promise of a loan modification followed by a quick foreclosure action?


8 posted on 02/10/2011 9:40:14 AM PST by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
[ Post Reply | Private Reply | To 7 | View Replies ]


To: Kartographer
True but what do you call a promise of a loan modification followed by a quick foreclosure action?

At a time when many borrowers responding to impending foreclosure by trashing the property, I would call it wisdom.

9 posted on 02/10/2011 9:42:35 AM PST by PapaBear3625 ("It is only when we've lost everything, that we are free to do anything" -- Fight Club)
[ Post Reply | Private Reply | To 8 | View Replies ]

To: Kartographer

In the mortgage industry, it’s called “dual-tracking”.

Ostensibly helping the homeowner with one hand, while simultaneously pursuing foreclosure with the other.


10 posted on 02/10/2011 9:43:24 AM PST by NOVACPA
[ Post Reply | Private Reply | To 8 | View Replies ]

To: Kartographer
"True but what do you call a promise of a loan modification followed by a quick foreclosure action?"

She got screwed, of that there is no question.

18 posted on 02/10/2011 10:26:43 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson