Quick Home Search

By searching, you agree to the EULA

Foreclosures More Profitable Than Loan Modifications To Loan Servicers

The Huffington Post has a story discussing a new report by the National Consumer Law Center regarding how the compensation structure for servicers make it more financially advantageous to service the loan through foreclosure than to help prevent the foreclosure by doing a short sale or loan modification.  Sad but probably quite true.


NCLC Report on Mortgage Servicers

Print Friendly

Disclaimer

TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.