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To: bshomoic; All

Hubby just heard on the radio of a business which helps thwart foreclosures by having folks ‘trade’ mortgages. Seems to be working ~ WITHOUT government intervention.

Good ol’ fashioned American capitalism. “;^)


19 posted on 01/31/2008 6:48:27 AM PST by b9
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To: b9
Hubby just heard on the radio of a business which helps thwart foreclosures by having folks ‘trade’ mortgages. Seems to be working ~ WITHOUT government intervention.

That sounds interesting --- do you have any details? I thought that virtually all mortgages these days were not assumable, so I am curious how this "trading" might occur. I did a Google news search, but I didn't see any articles related to individuals trading mortgages.

30 posted on 01/31/2008 10:50:01 AM PST by snowsislander
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