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SHILO - Safe Harbor Intelligent Loan Options - SHILO was created by Attorney Rydstrom and published by the 110th Congress on the problems and solutions facing the middle class, homeownership and retirement. “We don’t need more laws when we can use SHILO - which will reduce defaults and foreclosures “contractually”! SHILO is “contractual safe harbor” loan option provisions placed in the loan origination, refinance and loan workout documents upfront. This will protect the lender and industry as well as the borrower.
(See www.BankRiskMitigation.Com)
Mortgage Foreclosure Industry & Congressional White Paper
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