April 12, 2012
Principle forgiveness may soon become the newest addition to FHFA's quiver in the fight against foreclosures, thanks to a new incentive from the Treasury Department...
"There's no doubt that defaults cause property values to deteriorate, and the default itself leads to property values falling," says Richard Green, director of the USC Lusk Center for Real Estate, in an interview with Builder. "It's almost certainly a good thing to reduce defaults if possible."
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