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Quantifying The Good, Bad and The Ugly In The Latest Mortgage Settlement

“Now the agencies will be scrutinized more carefully,” Mr. Portilla explained. “Documents going through the court system will be analyzed to ensure these banks are following proper civil procedure. The proper documents will be sent to the homeowners. It will provide a sense of hope to the homeowners, as now they can have conversations with the banks and negotiate the terms with the banks. They could possibly see a principal reduction of the property, and possibly seek a modification.”
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