06-30-2010, 08:37 AM
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Does the private investors that own...
...mortgages get more benefit from a foreclosure vs. principal reduction? It seems that the banks or private investors prefer to send the property to foreclosure rather than to offer a principal reduction, I do not understand why will the private investor or bank let a family out of the home after realizing that their situation is stable now and they could easily afford a payment under the actual property value? won't the foreclosure cost them more?
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