Click here to see Video.One aspect that is not being covered by this video is what about the original total value of the loan. While the banks that are buying existing home loans might be making money by foreclosing on a home, someone did lose money before these loans were taken over, no?
However, this video still makes important points about the banks who take over bad loans having more motivation to foreclose on a home than modifying a loan, and if true, is completely unacceptable.
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