I came across an interesting article in my local newspaper, Arizona Republic, promoting a free loan modification event that will be held through October 5th at the Phoenix Convention Center. It's part of the "Save The Dream Tour" being promoted by Neighborhood Assistance Corporation of America a non-profit advocacy HUD certified couseling agency. According to the agency everyone who qualifies leaves the event with a modified loan which could include not only interest terms modified but also a principal reduction. Inquired how this is possinble, Bruce Marks, Chief Executive Officer, states "It's basically nonviolent terrorism against banks". What do you think?
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