Underwater and Not Walking Away – or, Why Don’t Lenders Refinance? (2009-11-29)
I have been approached by numerous potential clients asking if I can help with the restructuring of their mortgages. The short answer is that I can provide no assurance regarding a refinancing. The rules are murky, and the literature indicates that lenders are not providing meaningful reductions. A recent article by Prof. Brent White from [...]