Just so the banks can repo those houses and make even more money.
First they'll suck up those monies, then the people wont be able to afford them so they get reposed back.
Another restorations person moves in and rinse and repeat.
ITs a great scheme for the banks and lenders.
They will get reimbursed by multiple insurance company's for the full value of the house.
Great Scheme!
More American fraud.
Banks win, feds win
taxpayers lose.