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Politically Incorrect Opinions on Anything and Everything!!

Tuesday, September 19, 2017

Content Tagged "loan modification"

Walking Away From Your Mortgage

It can be argued, quite effectively, that mortgage lenders wrote many loans that should not have been written in the first place. This is nothing new and has been well publicized in the papers as well as news broadcasts around the country. However, I’ve been reading more and more about people just simply walking away from the mortgage. Many homeowners are finding that they owe more on their mortgage than the home is worth or even after a loan modification they cannot keep up with the modified payment. Today I came across an article in the New York Daily News…

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