SLIGHTLY OFF TOPIC: Dispelling A Residential Foreclosure Myth
May 18, 2007
The Indianapolis Star published a letter to the editor yesterday with the headline: "Lenders don't want you to lose your house." Here's a link. My partner Tom Dinwiddie co-wrote the letter on behalf of the Indiana Mortgage Bankers Association. Some of the points he makes apply with equal vigor to commercial foreclosures, although as I understand it the pro-consumer legislation currently being considered in Indiana would not impact business borrowers.