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REO and subtracting this sale price from note face value creates an absolute loss and was always paid by the FDIC or some another government or CDS insurance loss subsidy. These same bankers could’ve chosen another route. Lets people keep their homes and pay more affordable mortgages and stops inventory vast flow or REO onto market. So it is how our partner Principal Reduction Consultants, LLC negotiates reductions for you. In general, recasting subprime predatorial notes at 90 NPV lets banks to receive subsidies for the losses. You see how to swim, right? Perhaps if… Read Article →