Although this was taped awhile ago many readers have mentioned the segment so I thought I would post it on here. It details the unintended consequences foreclosure can bring to a community. I am looking forward to doing a follow up to the alternatives to foreclosure namely short sales and loan modifications.
Just click on the button below to listen.
http://marketplace.publicradio.org/display/web/2008/04/29/condo_fees
Sunday, June 29, 2008
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The solution to ensuring a good faith mortgage negotiation is to calculate an unbiased Net Present Value using bank
software so that the lender can't dispute the calculations. The REST Report does exactly that and has been sanctioed
by every single judge who has seen it. The software always recommends moodification or short sale since those
solutions benefit the mortgage investor and homeowner the most.
Click for Information on theDo it
Yourself Mortgage Modification
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