Bank 'haircut' can save homes

Why some lenders choose principal reduction over foreclosure

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Mar. 4, 2010

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Joyce is required to keep all taxes and insurance current on her home -- but it is still hers.

Tom Kelly's book "Cashing In on a Second Home in Mexico: How to Buy, Rent and Profit from Property South of the Border" was written with Mitch Creekmore, senior vice president of Houston-based Stewart International. The book is available in retail stores, on Amazon.com and on tomkelly.com.

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