Short Sale, Foreclosure and Strategic Default

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Sunday, January 4, 2009

Loan modification firms causing more problems for homeowners : Real Estate : The Rocky Mountain News

Loan modification firms causing more problems for homeowners : Real Estate : The Rocky Mountain News: "Lee Monson said she and her husband, Rich, paid a San Diego-based loan modification company almost $3,000 in June to keep from losing their Parker home to foreclosure.

Their home now is in foreclosure and she has turned for help to the Colorado Division of Real Estate, which is in the midst of a major investigation of loan modification outfits.

'I think they should be put out of business,' Monson said about Peoples First Financial in San Diego, the company that she said kept their money and did nothing for them."

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