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When Did It Become Good Business To Drive Your Best Customers Into Bankruptcy?
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It is getting worse: People with good credit and fixed-rate loans are starting to get foreclosed upon, because unemployment or underemployment is making those payments that they used to be able to make without problem unaffordable now. They seem to be exactly who loan modification was tailor made to help, but banks aren't modifying loans. And one in four mortgages in Florida are either in foreclosure or past due. How are the lenders allowing this to go on?
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