renegotiation: Renegotiating Your Loan - 12/17/08 05:38 AM
RENEGOTIATION  If you know someone who is struggling under their current mortgage, or a few months late on payments they may still have options.  Some mortgage companies are now renegotiating the loan rather than foreclosing.  They may reduce the principle, reduce the interest rate or a combination of both.  The Feds are putting pressure on mortgage companies to try and keep people in their homes instead of continuing to flood the market with foreclosed homes.  The reasoning is if the lender is going to lose money, why not discount the loan and avoid the expense of foreclosure and keep the home … (0 comments)

 
John Jacobus (RE/MAX Impact)

John Jacobus

Westerville, OH

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RE/MAX Impact

Address: 440 Polaris Parkway, Suite 110, Westerville, OH, 43082

Office: 614(523) 100-0233

Mobile: (614) 296-8350

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