by jasonimprota
February 18, 2010
Calabasas Blog
So 2010 seems to be shaping up to be the year of the short sale. Big US banks including Bank of America, Wells Fargo, JP Morgan Chase and Citigroup are turning to short sales to clear their books of troubled mortgage loans. Short sales are where homeowners settle their debts by selling their properties for …
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by jasonimprota
February 16, 2010
Calabasas Blog
I just read an article about a gentleman, whose home mortgage was restructured by JPMorgan Chase & Co. after the recession cut into his small business.
This man was grateful that his payment dropped 25% but was perplexed that his “trial” modification had never become permanent, despite his having paid the lowered amount for 13 months. …
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