May 20
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So you’ve been considering buying a home, there couldn’t be a better time than right now. Thanks to the market conditions and incentive programs (such as home...

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Refinancing your mortgage may be one of the best ways to manage your monthly expenses.  It is  a brilliant way of paying off your expensive, high interest deb...

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FHA Loan? Yes you might qualify for one   FHA loans are one of the best loans for refinancing and buying a new property. Our FHA lenders are renowned and ap...

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From the Blog

Cash for Keys

By Al Yoon - Analysis


NEW YORK (Reuters) - Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house.

With the exchange, and a pay-off to a second-lien holder, Culver was freed of $120,000 in crushing mortgage debt on the house, said Daurio, who had bought the right to cut the deal when he purchased the mortgage months earlier. The house, after repairs, is now on the market for $47,500.
"It got me out of a bind," said Culver, a former Kmart employee who has since relocated near his in-laws in Tennessee where job prospects are better. "I got a little cash out of it and was able to pay off other stuff I owed."

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