Thread: Refinance
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Old 07-20-09, 05:17 PM
Walt333 Walt333 is offline
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Join Date: Jul 2009
Location: Florida
Posts: 9
I'm trying to understand the reason a lender would prefer not to renogotiate if the alternative is the homeowner walking on the loan, particularly with the govt encouraging lenders to do so. I just don't get the motivation there . . . wouldn't it be cheaper overall to work with the borrower to make it work?
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