When housing market prices in the U.S. began escalating in the 1980′s they basically continued to rise until the early 2000′s. Then the fiasco began. In June, 2006, the housing market crisis became a reality. A family in California, the Giangregorios, who actually had equity in the home they have lived in for the last …
Tag Archive: ocwen
This week we’re featuring a successful loan modification negotiated through a conciliation conference with the homeowner’s lender, Ocwen. A Shared Appreciation Modification (SAM) can often result in an incredibly high principal reduction – in this case, $130,549.41! In return the borrower promises to share 25% of any future appreciated value in the home.