Tag Archive | "Principal Reductions"

How Loan Mods Lead to Foreclosures

Tuesday, November 9, 2010

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How Loan Mods Lead to Foreclosures

How Loan Mods Lead to Foreclosures This story caught my attention because it demonstrates how twisted our system is.  In a nutshell, homeowners are talked into doing loan mods by their own banks, given trial lower payments & after the trial the payments go back to the original amounts that the homeowners can’t afford, then [...]

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Upside Down Homeowners-Should You Stay or Should You Go?

Sunday, February 7, 2010

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Upside Down Homeowners-Should You Stay or Should You Go? The debate is raging for homeowners who are upside down in their mortgages.  With 30% of the population owing more than their houses are worth, many homeowners are weighing the pros and cons of walking away from their homes.  Understanding all your options is one of [...]

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