COTTONWOOD HOUSES - Federal Reserve Reports Principal Reduced Loan Mods Save Homes - COTTONWOOD HOMES FOR SALE
By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
COTTONWOOD HOUSES - Federal Reserve Reports Principal Reduced Loan Mods Save Homes - COTTONWOOD HOMES FOR SALE A new study by the New York State Federal Reserve Bank reported that loan modifications that included principal reductions are: * Less likely to default. * More successful at reducing redefaults by reducing negative equity. * Providing greater incentive to remain current on the loan. Cottonwood Houses In addition the study found borrowers owing 15% or more over the value of their home were at a 51% higher risk of redefaulting. Cottonwood Houses If you are a borrower seeking assistance with a loan modification please contact us. We will provide you with FREE INFORMATION and a list of resources. Buyers and Sellers Interested In Good News About Cottonwood...