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UMMAA Update 06-25-2010. Fannie Mae coming after people

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Uploaded by on Jun 25, 2010

Kevin McGill on strategic defaults and strategic exit. Fannie, Bank of America, Chase and Wells Fargo are coming after people that walk away. You need to watch this video to prepare for your future.
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Thanks
Kev

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Education

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Uploader Comments (kmcgill)

  • These scare tactics propagated by those playing on 'Team Bank' will not change the rate of walking away/strategic defaults. I don't know where you're getting your information from but most that take this track are not doing it for sh*ts and giggles. Nor is the decision taken lightly. Many have tried short sales/DIL's with no luck. Now I know you're not advocating keeping good honest people in homes in communities that have disolved into unsafe environements. Or are you?

  • @fivenines

    No I am not. All I am trying to do is protect the homeowner and get them the information they need.

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  • How about going after the Bank or lenders for their practices, they gave fake documents, are you saying the Banks are not guilty of any mal-practice, once again, go after the poor, easy prey.

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