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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (107896)3/4/2008 8:40:39 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
Discussion today by some suits to possibly cram down mortgage balances to current values to keep folks in their homes, keep the foreclosure epidemic from spreading and help the entire neighborhood stabilize. This was common on workouts of office buildings during the RTC days but it was obviously select institutional negotiations rather than millions of strapped homeowners.. Is their even a chance this passes?