EquityRock's Loan Modification Solution
- The EquityRock loan modification solution is fair and sustainable and maximizes value for lenders and homeowners.
- It is a debt-for-equity exchange that has substantially higher value as compared to alternative strategies. Correspondingly, accounting write-downs will be less.
- Time and house-price appreciation will further enhance the relative value of the EquityRock strategy.
- It directly addresses the problem of underwater homeowners by realigning debt with home value.
- Re-default rates will be much lower, thereby lowering loss provisioning requirements.
- It avoids moral hazard problems by providing a fair exchange between the homeowner and lender. The homeowner receives principal forgiveness, but the lender is not giving it for free.
Please contact Len Mills at (415) 992-4200 for more information.