[quote=briansd1]I wonder, is someone who is out of a job and without income entitled to a loan mod or short sale?
Or should foreclosure be the best market-based approach.[/quote]
From what little I know about it, they used to allow people to use their income from unemployment to qualify for a loan mod. It’s my understanding that they have stopped that practice sometime this year (the high re-default rate might have been a hint that it wasn’t the best move to allow UE payments to qualify for “income”…DUH!).
