Foreclosure is an absolute loss since none of these homes are worth as much as homeowner owes. So that’s evidenced by fact that guys from Clinton Bush administrations were always enableed to purchase failed banks with ok money guaranteed to create massive returns by US Government. So that’s how our partner Principal Reduction Consultants, LLC negotiates reductions for you. Lets people keep their homes and pay more affordable mortgages and stops inventory massive flow or REO onto the market. Recasting subprime predatorial notes at 90 NPV in addition makes the banks to receive subsidies for… Read Article →
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REO and subtracting this sale price from note face value creates an absolute loss and is always paid by FDIC or some next government or CDS insurance loss subsidy. They have used their amazing Washington DC lobby over last 2 decades to get to the place where Chairmen of Investment Banking companies now run the Treasury and the ministerial Reserve. Recasting ‘subprime’ predatorial notes at 90 NPV as well helps the banks to receive subsidies for the losses. Lets people keep their homes and pay more affordable mortgages and stops inventory vast flow or REO… Read Article →