Tuesday, October 18, 2011

Loan Signing Agent in Northridge

I've been notarizing more and more modification and refinance documents in the San Fernando Valley this past few months.  It seems to be the case that banks are more eager to negotiate with current homeowners than to foreclosure and risk losing more money in the short term and thus eroding their balance sheets.

Keeping homeowners in their home is a temporary fix which may delay the housing recovery for years to come.  Nonetheless, banks took a calculated risk loaning money to homeowners and now should bear the burden of taking on the risk of keeping them happy and inside their homes.

In my opinion, principal reduction should be mandated to keep these temporary loan modifications permanent allowing the market to recover and homeowners to stay in their homes.  If you are searching for a notary in the San Fernando Valley, call 818-730-4128.

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