You can pay your mortgage, but won't: 'Walkaway,' beware (Los Angeles Times)
Story date: 2007-10-07 12:23:41
Added on: 2007-10-07 04:00:21
WASHINGTON -- Lenders, loan servicers and mortgage investors are going to unprecedented lengths to help deserving borrowers avoid falling behind on their payments and possibly losing their homes. But when it comes to those who can pay but won't, or investors who gambled on ever-rising housing values but came up snake eyes, the gloves are coming off. They will be going after you, and hard.
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