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  • Why foreclosure is more Profitable for banks than a Loan Modification

    This is perhaps one of the best posts on banks and why they sometimes behave the way they do.  Why sometimes, it can be far more profitable for a bank to foreclose, rather than complete a loan modification.  I wouldn't normally link back - but this article by Patrick Pulatie of Loan Fraud Investigations, is nothing short of ...
    Posted to Chris Wood (Weblog) by 587686 on February 11, 2010