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"You could sell your home, owe nothing more on your mortgage and get $30K," goes a letter from...

Feb. 07, 2012 8:16 AM ETBy: Stephen Alpher, SA News Editor4 Comments
"You could sell your home, owe nothing more on your mortgage and get $30K," goes a letter from JPMorgan to a delinquent homeowner. With the foreclosure process gummed up, banks are finding it less expensive to allow short sales, forgo their right to pursue unpaid debt, and even offer cash. How about some candy for the ones paying their mortgage?

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