I’ll be joining Nancy and Lisa, plus special guest co-hosts Eddie Maldonado and Johnny Mastro, on Rants, Raves & Rock ‘n Roll radio tonight at 7:20 p.m. ET.
I’ll discuss how the government/banking collusion has made it more profitable for banks to stall foreclosure for as long as possible and then force a short sale on a homeowner, than it is to modify that homeowner’s mortgage so he or she can stay in the home. What? You didn’t really think government was looking out for you instead of banks, did you?
Our conversation will help explain why so many people are finding it impossible to get a return phone call from their mortgage lender — much less a modification — and why this is keeping home prices depressed and thwarting economic recovery.
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