rismedia.com: The case for principal reduction.

http://rismedia.com/2010-10-15/the-case-for-principal-reduction/

New Short Sale Program for Bof A, Wells Fargo and Freddie Mac Loans

Coming soon these three organizations will be announcing new programs for short sale sellers. This program will be designed to encourage sellers to short sale using financial incentives and will reintroduce the "deed-in-lieu" of foreclosure method of exchange. I will provide more details later.

Mortgage Lenders Pursue Homeowners even after Foreclosure.

http://finance.yahoo.com/news/mortgage-lenders-pursue-cnnm-3107909798.html?x=0

I have posted on Trulia and elsewhere that attorney will be buying up the banks bad debt contracts and looking for situation where they can pressure formely foreclosed owners into settlements. Buy and bail homeowners from early in this correction will find it difficult and expensive to fight these collection attorneys.

NY Times news story. Jingle Mail!

New Your times story about Prime Loan holders walking away.

www.nytimes.com/2010/02/03/business/03walk.html