As the foreclosure machine cranks up again, numbers soar in Pennsylvania, Maryland and several other states.
Some big banks are offering struggling homeowners incentives -- sometimes $30,000 or more -- to sell their homes for less than they owe.
For those behind on their mortgages, assistance from the bank settlement and other programs may come too late to save their homes.
The total amount could grow larger, officials said. About $1.5 billion will be used to provide restitution to people who lost their home because of mortgage servicer abuses.
When businesses do it, they're smart. When homeowners do it, they're morally bankrupt.
More than a third of the mortgage complaints received by the Consumer Financial Protection Bureau come from people who can no longer afford their payments.
Freddie Mac is trying to keep more homeowners from going into foreclosure. But forbearance has potential pitfalls.
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