BAP Blog Apple Valley CA Real Estate Lenders lack incentive to halt some foreclosures
Apple Valley CA Real Estate Lenders lack incentive to halt some foreclosures
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September 2, 2009, by Tom Marti

Apple Valley Real Estate Lenders Lack Incentive to halt foreclosuresAsk any real estate agents that do short sales and foreclosures like The Crown Team in Apple Valley CA, what’s it like dealing with the banks?  And you will mostly hear something to the tune of:

 

“It’s really hard to believe the financial intuitions of this country can be so messed up and inefficient!”

 

Well maybe the gauntlet has been laid down for a reason.  Some economists have concluded:  The Governments initiatives to stem the country’s mounting foreclosures are hampered because banks and other Lenders in many cases have more financial incentive to let borrowers lose their homes than to work out settlements, follow this link to read more.

 

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