REO and subtracting this sale price from the note face value creates an absolute loss and has been paid by the FDIC or some other government or CDS insurance loss subsidy. It is how our partner Principal Reduction Consultants, LLC negotiates reductions for you. Lets people keep their homes and pay more affordable mortgages and stops inventory big flow or REO onto market. Recasting subprime predatorial notes at 90 NPV helps the banks to get subsidies for the losses. Besides, a cash advance may be your own Saviour in a time of urgent pecuniary need… Read Article →
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