Relevant:
- Investors Putting Bad Loans Back To Lenders - This Is Only The Beginning.
- Banks Will Be Forced to Forgo Certain Foreclosures, Even If the Borrower Has Admittedly Defaulted!
- Banks Paying as Much as $35,000 Cash to Homeowners in Short Sales; Why and How Many?
- Late on the mortgage? Be ready for a lender's inspection.
- Overvaluing Residential Properties and the Growing Glut of REO
2008-04-03 — typepad.com
``Do mortgage lenders have any obligation to take over a property that has defaulted on its mortgage? The short answer, it appears, is no..'''
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