tengkorak modifikasi
Here are the stats on the "Hope Now Alliance" formed in the fall of 2007. Ironically, a former sub-prime mortgage executive was put in charge- can you say "fox in the henhouse?".
Of the 2.2 million foreclosures supposedly "prevented" by Hope Now Alliance, 53% of homeowners were in default again within 6 months. Why, you ask? Because the supposed modifications led to higher, not lower payments, since lenders are tacking on missed payments, taxes, and big fees to borrower's monthly bills.
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