Why no loan modification?

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At the last meeting of LSCG, Sandy Allen spoke about how low-priced homes in Lake Sarasota are being snapped up, but banks refuse to work with families who live in them. In line with that, here's a story from NPR about Wells Fargo foreclosing on homeowners, then selling their home to "an investor" for 1/5 of their mortgage, who flipped it two weeks later.


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