LETTER: Nobody wants forclosures

Thursday, March 12, 2009 | 9:59 a.m. CDT; updated 11:30 a.m. CDT, Thursday, March 12, 2009

Borrowers don’t want to lose their homes or property. Banks and lenders don’t want these properties. Banks need the agreed upon interest to pay their overhead and lenders' interest. To avoid present financial problems, loans can be extended two years to qualified borrowers by agreeable lenders.

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