Banks Paying Homeowners a Bonus to Avoid Foreclosures: Mortgages
Banks PAYING Homeowners Avoid Foreclosures
Now *THIS* is a very interesting reversal of trend!!!
Karen Farley hadn’t made a mortgage payment in a year when she got what looked like a form letter from her lender.
“You could sell your home, owe nothing more on your mortgage and get $30,000,” JPMorgan Chase & Co. said in the Aug. 17 letter obtained by Bloomberg News.
“I wondered, why would they offer me something, and why wouldn’t they just give me the boot?” Farley, 65, said in a telephone interview. “Instead, I’m getting money.”
Tom Kelly, a JPMorgan spokesman, declined to comment on the company’s incentives.
I smell a falling-out at a much higher level… there’s a much deeper reason for the banksters to not only pull off the brakes, but actually *PAY* to accelerate the process….
There is *OPPORTUNITY* here!!!
David Donhoff, Advisor
206-338-5856 Secure Fax
413 14th Ave West
Kirkland, WA 98033