You may be wondering if hell has officially frozen over because Chase began offering no doc refis and principal reductions to troubled homeowners?
According to HousingWire -
The five largest mortgage servicers signed a $25 billion deal with federal prosecutors and 49 state attorneys general in March to settle foreclosure abuses and documentation problems in the past. Chase agreed to provide roughly $4.2 billion in relief to homeowners under the agreement, including principal write-downs, modifications and refinances for underwater borrowers.
This comes as a surprise to me since Chase and some of the bigger banks have been some of the tougher banks to really deal with as a real estate investor. Which makes me wonder if some of these banks are starting to get the hint that dropping the hammer with a foreclosure isn?t always the best answer especially since in some states the process can take several months.
What do you think ? have banks caught on and finally going to cut through the red tape?
Source: http://www.successrei.com/833/chase-offers-no-doc-refis-are-banks-starting-to-get-the-hint/
49ers 49ers vs giants giants vs 49ers san francisco 49ers san francisco 49ers sf 49ers joe paterno died
No comments:
Post a Comment