Saxon Mortgage modifications are a bad joke

JG in Florida asks “Is there anything that can be done about Saxon Mortgage, who is taking everbody property unlawful with out consideration. I too is in the same grip of lies. So there should be help somewhere, the modification plan is beginng is becoming a bad joke on society because of mishandling an misleading of this company.”

Indeed many mortgages are placing homeowners in jeopardy. After watching a special on CNBC about this crisis it is hard to tell what investors are thinking. Foreclosures have leveled off in June but only because banks are already holding inventory from the market.