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Citi Supports Cramdowns
Cram downs are the legal tern to force the lender to accept the loan back at the present value of the house thus selling the house back to the homeowner at the present market value. Congressmen want...
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"California Cramdown" California Civil Code Section 2923.6
(a) The Legislature finds and declares that any duty servicers may have to maximize net present value under their pooling and servicing agreements is owed to all parties in a loan pool, not to any...
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