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

To: The Reaper who wrote (285766)	10/22/2010 1:41:16 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

I should clarify that lenders and mortgage insurers are doing the P Notes on a case by case basis. They are really grinding hard to see ALL assets. The securitization of mortgages really fouled up the system.... B of A is running a trial program to speed up short sales on insolvent owners. Once those 2,000 sales are done and evaluated they want to roll out a faster short sale program for the insolvent owners. The whole thing is geared to bypass REO's as much as possible. because of the potholed title issues, they really really really want to go the SS route.