Banks are foreclosing while homeowners pursue loan modifications

Lenders say 'dual tracking' protects their investment if the homeowner is unable to qualify for new loan terms. But regulators seeking to ban the practice say it lulls some borrowers into thinking they won't have their homes taken away.

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

Source: http://feeds.latimes.com/~r/latimes/news/~3/n7UF7XIWkNg/la-fi-dual-tracking-20110415,0,4874775.story

new gadgets hidden cameras top movies calvin harris celebrities black celebrities gossip