User login

Member Directory

Home › Forums › Realtors › Representing Home Sellers (Shortsales)
Are banks obligated to reduce loan balance?
Submitted by bbbremate from CA on Fri, 11/07/2008 - 10:32am.
Are banks obligated now to reduce loan balance to the current market value of homes?
‹ Is there a fast way to make short sale approved If the bank said they alow short sale, but they still n ›
  • Delicious
  • Digg
  • StumbleUpon
  • Reddit
  • Newsvine
  • Facebook
  • Google
  • Yahoo
  • Technorati

Comments:

Submitted by Sean on Fri, 11/07/2008 - 6:17pm.
No - absolutely not.

No - absolutely not.

Submitted by Anonymous (not verified) on Thu, 11/20/2008 - 4:20pm.
You sound so sure.  What is

You sound so sure.  What is your source of info?

 

remate

Submitted by Sean on Thu, 11/20/2008 - 11:43pm.
If there ever comes a day

If there ever comes a day when the US government forces China, pension funds, and all the other mortgage investors worldwide to reduce principal balances against their will I'm fairly confident it won't go un-noticed by anyone.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <code> <ul> <ol> <li><p><br>

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Sponsors

ForeclosureRadar.com

Free California Foreclosure Report



ForeclosureRadar

You can search, track, manage, and analyze every foreclosure in California FREE, Right NOW!!

FREE Trial

Copyright 2008 ForeclosureRadar.com. All Rights Reserved.