Stopping Foreclosure From Within
April 13th, 2008
Not all lenders are predatory, but there is increasing concern that lenders seek out vulnerable homeowners with shaky credit and then essentially bleed them dry. In fact, legislation is being introduced across the country (at the state level) that would cap interest rates on a person’s mortgage. This would stop rogue organizations seeking to take advantage of consumers and keep them from falling into foreclosure. Unfortunately, the laws addressing this increasing problem aren’t very solid at the present time. Until stronger legislation is brought to the table and passed, people will have to search for other ways to stop mortgage foreclosure.
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