REO and subtracting this sale price from the note face value creates an absolute loss and has usually been paid by the FDIC or some government or CDS insurance loss subsidy. Accidentally banks got caught up in their own executives/controlling shareholders hypergreed. They have used their amazing Washington DC lobby over last 2 decades to get to place where Chairmen of Investment Banking companies now run Treasury and governmental Reserve. So it is how our partner Principal Reduction Consultants, LLC negotiates reductions for you. Lets people keep their homes and pay more affordable mortgages and… Read Article →
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They have used their amazing Washington DC lobby over last 4 decades to get to the place where Chairmen of Investment Banking companies now run the Treasury and the governmental Reserve. Recasting sub prime predatorial notes at 90 NPV enables the banks to receive subsidies for the losses. Lets people keep their homes and pay more affordable mortgages and stops inventory big flow or REO onto market. As a result, it’s how our partner Principal Reduction Consultants, LLC negotiates reductions for you. Cash advance will be the Saviour in a time of urgent pecuniary need… Read Article →