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Loan Modification

: The Truth About Mortgage.com

Equity Sharing Loan Modification Program Launched

By scot184

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ISGN Corp. and EquityRock have teamed up to offer the ?industry’s first equity sharing, loan modification service.? The program, coined RESET (Real Estate Shared Equity Transaction), allows borrowers eligible for a loan modification to receive a principal reduction in exchange for a share of their home equity. The bank or mortgage lender will write down the borrower’s [...]

Full post as published by The Truth About Mortgage.com on April 19, 2010 (boomark / email).

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