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Refinance - Foreclosure Solution?

http://www.theforeclosureblogster.com Posted by hismove 418 days ago

Lenders have been tightening their lending standards for over 18 months now. First we saw the subprime mortgage market melt down (subprime are those borrowers with less than perfect credit). Then, as the number of foreclosures continued to rise, there was even more tightening and the squeeze extended beyond the subprime markets. The bottom line is that fewer people qualify for mortgages in today’s market. The days when the banks would loan to anyone with a pulse are gone.

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