The Dirty (LITTLE) Secret About Foreclosures….

My house was foreclosed before I could begin the large project. The attorneys involved in my foreclosure were paid by the American tax payers, four times what I owed in back mortgage payments for the modest house. The politically influential  mortgage  industry has received billions of dollars of income from the taxpayers as a result of the massive level of foreclosures in our nation. The primary financial incentive for mortgage  bankers is to unload any marginal loans  as fast as possible  so they can receive their “foreclosure bonus.”  That is why the loan mitigation program has not been effective.