Foreclosure Agents Profit from Housing Crisis
Two million adjustable rate mortgages are scheduled to reset to higher rates later this year, making monthly payments unaffordable for many homeowners. While it has been a hard time for homeowners, foreclosure agents, who buy homes that have been seized by lenders for resale, are profiting. Glen Daniels, a director at Foreclosure.com, speaks with Renee Montagne.
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