notice of default: This Isn't Just Another Taxpayer Bailout
- 06/25/08 01:09 PM
With the Senate rushing to pass the big $300B "bailout" for lenders and some homeowners, I'd like to propose another option that won't cost the TAXPAYERS a DIME. But it will improve the current NOD's and future foreclousre ratios while stabilizing the real estate market by keeping people in their homes. It's called "Loss Mitigation". Currently I am working with a loss mitigation specialist who has been very successful in obtaining rate reductions, rate locks, forgiveness of default payments and even principal reductions for clients. Individuals trying to resolve the issue alone have found it difficult if not next to impossible … (2 comments)
With the Senate rushing to pass the big $300B "bailout" for lenders and some homeowners, I'd like to propose another option that won't cost the TAXPAYERS a DIME. But it will improve the current NOD's and future foreclousre ratios while stabilizing the real estate market by keeping people in their homes.;)
;)
