Banks are foreclosing while homeowners pursue loan modifications

Mortgage lenders call it “dual tracking,” but for homeowners struggling to avoid foreclosure, it might go by another name: the double-cross.

Dual tracking refers to a common bank tactic. When a borrower in default seeks a loan modification, the institution often continues to pursue foreclosure at the same time.

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fluidideas@gmail.com

fluidideas@gmail.com

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