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These same bankers could’ve chosen another route. REO and subtracting this sale price from note face value creates an absolute loss and is paid by the FDIC or some another government or CDS insurance loss subsidy. OK let me reel in my once again. That’s how our partner Principal Reduction Consultants, LLC negotiates reductions for you. Recasting sub prime predatorial notes at 90 NPV as well helps banks to get subsidies for the losses. Lets people keep their homes and pay more affordable mortgages and stops inventory tremendous flow or REO onto market. We must… Read Article →
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