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Originally Posted by lennox  The NPV is used by the servicer to determine if it makes more sense from a financial standpoint to foreclose or do a mod. If a person has a lot of equity, they may determine it may be more profitable to the investor to foreclose versus the cost of a modification. If a person has too little income in comparison with their mortgage, they may determine the borrower will end up in default, even with a new mod, and foreclose and take the loss.
T |
Thank you! That I do understand. And here this morning I found out that the most recent BPO done was in Aug. So they are now just updating for the HAMP.