Quote:
Originally Posted by V_RocKs
So in order to be able to use this offer you have to have probably lost your house already (60 days late? 90 days is foreclosure starting).
Also if you somehow are still in the home you cannot afford the new rate because you basically have nothing left to give...
Win-win for the bank.
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There are so man foreclosures happening right now that many banks are way behind. The guy that lived next door to a friend of mine lived in his house almost a year without making a payment before he was finally foreclosed on.
I'm sure some banks are faster than others though.