Homeowners take ‘cash for keys’ to escape debt

by on March 12, 2010

the exchange, and a pay-off to a second-lien holder, Culver was freed of $120,000 in crushing mortgage debt on the house, said Daurio, who had bought the right to cut the deal when he purchased the mortgage months earlier. The house, after repairs, is

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Homeowners take ‘cash for keys’ to escape debt

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