The NY Times is reporting that the people who profit from foreclosures see loan modifications as a bad idea. Duh. It’s bad for business. I commented: The opinion of Mr. Katari, who has a financial interest in more foreclosures (asset managers, folks, are the people who liquidate foreclosed property for lenders) is telling. Of course he’s against [...]
Archive for January 2nd, 2010
Loan Modifications Causing More Harm?
Posted in Mortgages, The Market, tagged Foreclosures, Loan modifications, Short sales on January 2, 2010 | Leave a Comment »
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J. Philip Faranda Broker-Owner (914) 723-8900
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