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“Soon it may not be much use to look at loan reset charts.”
I have been wondering if the charts we see are being updated for regular refi’s, work outs and foreclosures that occur before resets.
“I wonder if this won’t encourage low-ball appraisals and perhaps a new kind of mortgage fraud ?”
Been wondering that too..and about other types of deal steering of distressed properties. You have to know there will be fraud on the way down too.