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A Controversial Solution to End the Underwater Mortgage Problem

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  • William Matz | | 16 Jul 2012, 05:54 PM Agree 0
    How is this so radical? Investors lose 30-40% of current FMV in a foreclosure or 15-20% in a short sale. Remember Hope for Homeowners? That 2008 Federal program was supposed to help 400,000 owners via short refis. Anyone know anyone who got an H4H short refi.

    What is maddening is that investors lose less money via everything over foreclosure (absent insurance or indeminification). So this proposal should net lenders/investors more than foreclosure also.
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