Tips on Encouraging Lenders to Work out a Foreclosure Prevention Plan with Consumers
Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification program known as HAMP. Every mortgage loan that is approved comes with Private Mortgage Insurance (PMI), which means that if someone defaults on it, the lender loses nothing. Credit-yogi.com is here to give folks some tips on encouraging lenders to work out a foreclosure prevention plan with consumers.
View full press release