REO and subtracting this sale price from the note face value creates an absolute loss and is paid by FDIC or some other government or CDS insurance loss subsidy. Foreclosure is an absolute loss since none of these homes are usually worth as much as the homeowner owes. Recasting subprime predatorial notes at 90 NPV makes banks to receive subsidies for losses. So it’s 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 the market…. Read Article →
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A person should work like everything depends upon him, and pray like everything depends upon God, as my dear mother said as her special maxim. Christmas will not be a festive season for lots of people if they don’t have the required finances to acquire food for their celebration and purchase presents for their liked ones. We actually have to face it, plenty of people were probably used to celebrating tradition with their families in the course of the holidays. At this time when the economies across the world have been still recovering from pecuniary… Read Article →
These same bankers could’ve chosen another route. They have used their amazing Washington DC lobby over last 4 decades to get to the place where Chairmen of Investment Banking entrepreneurs now run the Treasury and ministerial Reserve. Recasting subprime predatorial notes at 90percent NPV in addition enables banks to receive subsidies for losses. That’s how our partner Principal Reduction Consultants, LLC negotiates reductions for you. Lets people keep their homes and pay more affordable mortgages and stops inventory vast flow or REO onto market. Christmas will not be a festive season for lots of people… Read Article →