It is human nature to become attached or too attached to things or people. It can be very difficult to find out how to let go from these attachments even if we know that they are not good for us. Our spiritual ancestors even went so far as saying that our addictive behavior is the root of all suffering. This is a very strong insight into our human condition!
Why is it so difficult to let go? Why is it so hard to let go of an ex-lover, an abusive relationship, a mortgage that is no longer sustainable...
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations and selling said consolidated debt as bonds, pass-through securities, or collateralized mortgage obligation (CMOs), to various investors. Wikipedia
This is important. Why?
Since January 2007, 4.5 million homes have been foreclosed on by lenders
When the first flood of foreclosures swamped housing markets at the dawn of the...
Our client’s home was in foreclosure for about 3 years prior to coming to us for help. After completing the debt analyst there was no way the client could be approved for a modification. They just had too much debt. We recommended that the client consult a bankruptcy attorney. The client filed a bankruptcy; Once the BK was filed, we immediately submitted all necessary documents for the modification review. During that time, the lender filed for and received a relief of stay from the court.