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Banks Paying U.S. Homeowners to Avoid Foreclosures

Posted on February 7, 2012 by Kendall Harmon

“You could sell your home, owe nothing more on your mortgage and get $30,000,” JPMorgan Chase & Co. (JPM) said in the Aug. 17 letter obtained by Bloomberg News.

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Posted in * Economics, Politics, Economy, Housing/Real Estate Market, Personal Finance, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--