[quote=sdrealtor]Effective Demand if you are still around I have a question for you. While I am not seeing principal reductions per se I have seen a number of 2nds accept short pay settlements for pennies on the dollar. These are de facto principal reductions but probably not included in the prinicpal reduction statistics you posted. Where would these be shown in your statisitcs if at all? If they are, how big is that segment?[/quote]
Well if it was a short pay listing that sold then the 2nd went away (or could still be recourse, depends on the verbiage) and wasn’t modified. It would show up on the link above as the second graphic, green line.
