At the start of the foreclosure crises, personal financial experts urged struggling homeowners to contact their lenders if they started to fall behind on their mortgages. The lenders want to do everything they can, homeowners were told, to avoid a foreclosure.

Now, the experts aren't so sure that's the case.

Consumers who have jumped through a frustrating series of hoops to achieve a mortgage modification - lower interest rates or more manageable payments - are convinced that old conventional wisdom is flawed.

So begins an article by Mark Huffman of ConsumerAffairs.com dated October 20, 2009. His article exposes the ugly reasons why homeowners may get the runaround from certain servicers.


Read the full article:

http://www.consumeraffairs.com/news04/2009/10/foreclosures_preferred.html

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