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Foreclosures: Banks seeking alternative methods to cure underwater mortgages - Tampa Bay Real Estate
2012-08-12 — examiner.com
``Big banks are seeking these options more often now for multiple reasons, but here are the three biggest, IMHO:
1.) Creates the public impression that they're "helping under water homeowners"
2.) Reduces their financial responsibility (no foreclosure costs, no lien costs, etc)
3.) Reduces their potential liability (any damages/injuries would get filed through the owners personal hazard insurance)''
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