Why Are Banks Randomly Forgiving Six Figure Mortgage Debt?
I read an article this week that really got my attention. The story revealed that select banks are randomly contacting mortgage customers and offering them loan modifications. The modifications in some cases include forgiveness of a substantial portion of the outstanding mortgage balance. One of the individuals featured in the story had a principal reduction of $150,000 on her mortgage. What is really surprising about all of this is that these individuals have not asked for a loan modification and were not behind on their payments! At Christian Money.com we are inundated with e mails from individuals who have not... Read more →