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Real Estate & Property Law

: The Home Equity Theft Reporter

Underwater Homeowner Uses Short Sale, Leaseback Deal To Shed Onerous Bank Debt While Retaining Possession Of Property & Future Right To Repurchase

By r morris

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In Akron, Ohio, WKYC-TV Channel 3 reports:Dave Droge had few options when he lost his job in 2008. So he took a chance, a risk that not only kept his family from losing its home to foreclosure but also helped reduce a mammoth debt he likely never would pay off. "I had to either refinance or sell the home or I'd lose it," he said.Droge applied for help with American Homeowner Preservation (AHP), a

Full post as published by The Home Equity Theft Reporter on April 25, 2010 (boomark / email).

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