Posted by kevin on August 1, 2011 under Foreclosure Blog | Comments are off for this article

Settlements have been all over the lot in the last 12 months.  About a year ago, we were starting to see reduction in principal  in cases that were open for long periods of time because they were aggressively fought.  It reinforced our position that the best way to stop foreclosure was to fight foreclosure.  Then, the AG’s and federal regulators started pushing principal reductions.  Some of the “too big to fail” banks balked, and then we stopped seeing “reduce principal” offers.

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