Curiously the entities that have been at the bottom of the bail out scheme, and the players that have been most reluctant to step up and lend a hand in the problem loan area, have finally decided to lend a hand. Banks.

           As in most business decisions banks have decided that it is in their best interest to work with underwater home owners, than to foreclose.  So they’ve ramped up the number of loan modifications they’re handing out to their delinquent clients.  Banks are doing nearly twice as many loan modifications under their own foreclosure prevention initiatives than the Obama Administration. Are the banks discovering a heart within the hallowed walls?  No, it’s just about money, but every little bit helps.

Don Schaller
Broker/Owner
Schaller Family Realtors
Dickson Realty, Truckee
alltruckeehomes.com