Us Personal Loans

- Lenders say dual tracking protects their investment if the homeowner is unable to qualify for new loan terms. But regulators seeking to ban the practice say it lulls some borrowers into thinking they wont have their homes taken away.Mortgage lenders call it dual tracking, but for homeowners struggling to avoid foreclosure, it might go by another name: the double-cross.

Dual tracking refers to a common bank tactic. When a borrower in default seeks a loan modification, the institution often continues to pursue foreclosure at the same time.

To read more, click on this link

Similar Posts:

• What Can You Do If Your Financial Institution Put Your Home In Foreclosure But Then Put The House Back In Your Name Without Notification?
• Court System Denies Homeowners Fair Chance
• Summary of Florida Foreclosure Law
• Foreclosed Home Sold While Owner On Phone With Bank
• The Mortgage Was Like a Shell Game; So Is Responsibility in 3 Deaths