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Loan Modification

: Loan Modification & Home Loan News

Cash for keys helping some homeowners bail on debt

By Moe Bedard

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Jon Daurio, chief executive officer of mortgage investor Kondaur Capital, 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 [...]

Full post as published by Loan Modification & Home Loan News on March 12, 2010 (boomark / email).

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