Are the geniuses that created this mess at the banks going to keep telling us how impossible this concept is when nothing they do even dents the problem, but actually continues to exacerbate it? Principal reduction will not only help us out of the housing crisis, but will stimulate the economy!
This is a great article from Realty Times, written by Tanya Marchiol.
See this link for more info.....
http://realtytimes.com/rtpages/20111202_principalreduction.htm
Sorry Readers & Fans (LOL), I have been very busy working on Multi-Family deals and haven't written a Blog in almost a month. If you have Apartments you want to SELL or BUY, please contact me ASAP.
Sincerely, Larry Tutino
This BLOG is open to anyone for discussion about REAL ESTATE issues or questions. REAL ESTATE buying, selling, saving on property taxes, the slowdown of the single family residential market, interest rates, financing, attorney referrals, escrow referrals, title company referrals, land sales, multi-family...... ANYTHING REAL ESTATE. Enjoy and lets prosper together. SIMPLY click on the comment button below each post. Yours truly, Larry