Our Real Estate Blog

Loan Write Offs

February 2nd, 2008 9:04 PM by Lehel Szucs

Recently, there have been many articles and news stories about banks writing off loans.   Writing off the loans doesn't let the borrower off the hook, says Bob Caruso, Bank of America Corp.’s national servicing executive. The lender keeps the lien in place in the hopes that it will receive some money when the property is sold. 
Posted in:General
Posted by Lehel Szucs on February 2nd, 2008 9:04 PM

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