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A workout loan can be a win-win solution to avoiding foreclosure

http://www.bloodhoundrealty.com Posted by SarasotaFLRealEstate 1275 days ago

A workout loan can be a win-win solution to avoiding foreclosure

We talked last week about lender “workout” loans — a scheme lenders have come up to keep homes from falling into foreclosure. The premise is simple: If you can’t pay your mortgage, the lender will write you a new loan that anyone could pay.

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