Based on the way our current news business is run, you know that if there was even one family out there that was foreclosed upon while up-to-date on their payments, they would be on every new broadcast and in every newspaper in the country. The reason you haven't seen any of this is because the homes being foreclosed upon should be foreclosed upon.
Unfortunately, I also know of several lenders who had knots in their stomachs every time they went to work (for builder-owned mortgage companies) because they were forced to do what they knew was wrong in order to keep the money coming in for their families. Could this explain why there are subdivisions that are only a few years old with a huge percentage of vacant and vandalized homes?
Bob Willett, Senior Loan Officer, Empire Home Loans, Inc. NMLS #238076/ #1839243,
All Rights Reserved, Sacramento, CA 95864
Empire Home Loans, Inc./Bob Willett is an Equal Housing Lender. Bob Willett is also a licensed Real Estate Broker DRE #00880266, Empire Home Loans DRE # 02086593. SacRELender is a BLOG and information site provided by Bob Willett, it does not guarantee nor is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. The information provided herein is supplied by several sources and is subject to change without notice.