Modified mortages may prevent foreclosure problems
11/27/08 23:00
Real estate properties are foreclosed due to delinquent payers, but what the definition of "delinquent" is already depends on the bank releasing the loan.
Now, if these mortgages can be modified in such a way that the loans will default later, then the foreclosure rate will go down--not all the time, however.
MarketWatch.com gives us a comprehensive report on modified mortgages.
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