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Recasting subprime predatorial notes at 90percentage NPV as well lets the banks to get subsidies for the losses. Christmas will not be a festive season for big amount of people if they don’t have the required resources to obtain food for their celebration and obtain presents for their liked ones. We have to face it, plenty of people have been used to celebrating tradition with their families in the course of the holidays. At this time when economies around the globe are still recovering from pecuniary cr, I know it’s still an admirable trait to… Read Article →
Accidentally the banks got caught up in their own executives/controlling shareholders ‘hypergreed’. REO and subtracting this sale price from note face value creates an absolute loss and is paid by FDIC or some other government or CDS insurance loss subsidy. These same bankers could’ve chosen another route. 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 the market. Recasting sub prime predatorial notes at 90 NPV in addition enables the banks to get subsidies… Read Article →