This article contradicts itself. It says that this is for people who *choose* to default in one sentence than in another is says it for people who *don’t* qualify for a loan mod or short sale.
If somebody does not qualify for a loan modification they are probably not choosing to default.
Then it goes on to say how long it is taking to foreclose in some states and that it is expensive.
So what’s going on here?
It looks like basically the banks are weeding out the people that don’t have any money and kicking them out faster. hahaha
