Monday, December 20, 2010

Why no loan modification?


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.


No comments: