scenario:
my friend bought in 2006 875k, 5% down, first loan 700k 5/1 io 5.875 resets 2011 citi (attempted to modify but have had no luck!), 2nd loan 121k 7.875 fixed provident (offered a discounted payoff, but no luck!). both purchase loans.
comps selling for 575k (talega)...