Posted on September 19, 2009 by admin

Did you know that banks are holding back properties from foreclosure? How is this done, well let me explain. Instead of banks proceeding with foreclosing on delinquent homeowners, they modify the loans, knowing homeowners still cannot afford the property. This drags out the foreclosure process to keep the list of foreclosures down.

Now there are approximately 1.5 million loans in foreclosure. There are 3.5 – 4 million loans that seriously delinquent that are being