5 things you absolutely need for the MBA convention in Las Vegas

Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee

Exclusive: Move CEO Steve Berkowitz opens up about News Corp deal

Plus his thoughts on Zillow/Trulia and the future of real estate
W S
Servicing / The Ticker

Widow caught in loan mod trap

/ Print / Reprints /
| Share More
/ Text Size+

The Tampa Bay Times is reporting on a type of loan modification trap that widows seem to be susceptible to if their name is not on a mortgage note when a spouse dies.

Reporter Drew Harwell wrote:

 "Widows caught in this runaround, counselors said, never realized the damage it could cause if only their husband signed the mortgage note. They did not expect it would prevent them from a loan modification that could allow them to keep paying and stay in their homes."

Source: Tampa Bay Times
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus