Majority of Modified Loans Fail Again, Regulator Says ...!?

Homeowners, borrowers :

... here is the not so good news,....would be Sellers & Buyers, here is an opportunity , please call me, ...... Real time Info from a number of Asset Managers and the statistics that they shared on loans that have
been modified were pretty staggering. Fully 85%+ of all loans modified in the first six months of this year
have fallen back into delinquent status. The driving force appears to be the fact that even though the
mortgage balances and interest rates have been reduced, continuing declines in property values have
pulled borrowers back into negative equity positions. The general consensus is that we will see a dramatic
increase in short sales and a sharp decline in REO listings next year.

John Vostenak, Broker

http://www.johnvostenak.com

CENTUTRY 21 Ludecke Inc.