There is a new pilot program Wachovia recently put into place intended to rid themselves of that nasty $122 billion Pay Option ARM portfolio while keeping borrowers in their home. While this program definitely...respect to a mortgage modification or refinance, you lose your rights to come after the lender for predatory lending violations and forced rescission/modification. Read more... < < < hot news

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property, and they charge the minimum amount, so the house is likely to sell for far less than the amount amount owed. The bank will end up with the property and a convenient write - off for the lost part... So, perhaps the bank could go after your other house after you lose one. But, in practical terms, banks almost never do this, since it just is not worth their time. Read more... < < < hot news

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