Posted by James H. Lissemore on 4/4/07 4:14pm
Msg #183703

Foreclosures News Item


AP
Mortgage Pros Scramble to Modify Loans
Wednesday April 4, 4:35 pm ET
By Ellen Simon, AP Business Writer
AP Centerpiece: Lenders Scramble to Help Struggling Homeowners -- "We Don't Want to Foreclose"


NEW YORK (AP) -- As home foreclosures mount, mortgage companies are knocking on doors, sending letters and making phone calls with a simple message for struggling homeowners: They'd rather modify your loan than foreclose

Reply by MistarellaFL on 4/4/07 4:25pm
Msg #183707

Additionally, some states have implemented a program using tax bonds to refinance
some potential foreclosures (if they are not in foreclosure yet) and some are considering it.
Florida is considering a similar program.

Reply by Dlars_FL on 4/4/07 6:31pm
Msg #183736

http://finance.myway.com/jsp/nw/nwdt_rt_top.jsp?cat=TOPBIZ&feed=ap&src=601§ion=news&news_id=ap-d8o9vcog0&date=20070404&alias=/alias/money/cm/nw