Banks Have A Financial Motive To Illegally Deny Loan Modifications: Banks Profit From Foreclosure
It has been common knowledge for years that banks make money when they illegally deny a home loan modification. Media sources such as the New York Times have reported on the issue since as early as July 2009. There are three parties to a mortgage: the homeowner, the investor, and the bank. The bank is the party who collects monthly …
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