Average principal reduction 15%….some as high as 30%?
Gotta love this county! You don’t have to pay your mortgage or your credit cards bills. In fact if you don’t, you get rewarded with windfalls. Live it up! As Russian comedian Yacoff Smirnoff used to say, “what a country”.
I’ve also heard Wells Fargo (from their Wachovia/World Savings division)…is now getting super aggressive with short sales and working directly with Realtors to call their client base and offer a fully pre-approved short sale with no promissory notes, etc…
If these were pay option arms and they were set up on a neg am schedule then reducing the Outstanding principal balance might simply bring the loan balance back to the original loan balance on the property. I would like to drill down on this to get a better idea of the reduction before making any judgements.
If these were pay option arms and they were set up on a neg am schedule then reducing the Outstanding principal balance might simply bring the loan balance back to the original loan balance on the property. I would like to drill down on this to get a better idea of the reduction before making any judgements.
If these were pay option arms and they were set up on a neg am schedule then reducing the Outstanding principal balance might simply bring the loan balance back to the original loan balance on the property. I would like to drill down on this to get a better idea of the reduction before making any judgements.
If these were pay option arms and they were set up on a neg am schedule then reducing the Outstanding principal balance might simply bring the loan balance back to the original loan balance on the property. I would like to drill down on this to get a better idea of the reduction before making any judgements.
If these were pay option arms and they were set up on a neg am schedule then reducing the Outstanding principal balance might simply bring the loan balance back to the original loan balance on the property. I would like to drill down on this to get a better idea of the reduction before making any judgements.
I don’t know why anyone would be upset about the short sales. Everyone always complains about how long they take and how much of a pain in the ass they are so what is the problem with that?
The loan mods and reductions. I gave up getting mad about those a long time ago.
I don’t know why anyone would be upset about the short sales. Everyone always complains about how long they take and how much of a pain in the ass they are so what is the problem with that?
The loan mods and reductions. I gave up getting mad about those a long time ago.
I don’t know why anyone would be upset about the short sales. Everyone always complains about how long they take and how much of a pain in the ass they are so what is the problem with that?
The loan mods and reductions. I gave up getting mad about those a long time ago.
I don’t know why anyone would be upset about the short sales. Everyone always complains about how long they take and how much of a pain in the ass they are so what is the problem with that?
The loan mods and reductions. I gave up getting mad about those a long time ago.
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