American Mortgage Blog

It is Important to Remember that Banks are Not in the Foreclosure Business

By Mortgage Blog on 4/9/2012 10:01 AM
There has been an increasing amount of interest from home owners in different programs offered by government agencies or banks. More specifically, these programs offer some type of alternative to foreclosure – specifically for borrowers that are “underwater” (owing more than your home is worth). And many are indeed interested in hearing more from lenders who offered the borrower the chance to remain in their home as a tenant for an extended period plus have their mortgage debt wiped away.
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