Loan Modification Forum - LoanSafe.org - View Single Post

freediykits · 10-01-2009, 05:07 PM

From what I understand, in most cases the bottom line is; he bank will only approve a loan modification, short sale, or an other foreclosure alternative if they are losing less money than if they pursue foreclosure on your home. The bank is a business and if it makes them more money by selling your home through foreclosure 9 times out of ten thats what they are going to do...

10-01-2009, 05:07 PM	#35 (permalink)
freediykits Banned Join Date: Sep 2009 Posts: 7 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Ways to Stop Foreclosure From what I understand, in most cases the bottom line is; he bank will only approve a loan modification, short sale, or an other foreclosure alternative if they are losing less money than if they pursue foreclosure on your home. The bank is a business and if it makes them more money by selling your home through foreclosure 9 times out of ten thats what they are going to do...