foreclosure: Are Foreclosures Good For America? Part 3 - 09/25/08 09:47 PM
Are Foreclosures Good For America? Part 3 by Bill Roberts
Until now banks had three options for under-performing loans:
Workout a modification
Accept a short sale
Foreclose
I would be very interested to hear how successful homeowners have been in obtaining a loan modification. It seems that if they were in … (3 comments)
foreclosure: Are Foreclosures Good For America? Part 2 - 09/19/08 04:31 PM
Are Foreclosures Good For America? Part 2 by Bill Roberts
The whole mortgage mess can be laid at the feet of Alan Greenspan and his zero interest rates which caused a huge run up in real estate prices, but it was swamped by the tidal wave of foreclosures brought on by … (15 comments)
foreclosure: Are Foreclosures Good For America? - 09/14/08 04:53 PM
Are Foreclosures Good For America? by Bill Roberts
A lot has been written about our financial crisis: How it started; Who is to blame; And how much has it cost us.
But I think that this entire discussion has missed the main point: Was it necessary?
Let's look at the foreclosure … (6 comments)
foreclosure: Greenspan, The Evil Villain - 09/18/07 12:05 PM
Greenspan, The Evil Villain by Bill Roberts Everybody talks about Alan Greenspan like he is some kind of God or something. When Greenspan talks Wall Street listens. Give me a break! I just can't take any more Alan Greenspan. He ought to just keep his mouth shut. He caused almost all of the … (24 comments)
foreclosure: Short Sale Revisited Again - 07/16/07 10:34 AM
If you want to pursue a short sale there are several things to do first. one is to make sure that the documentation required by the bank to evaluate the short sale application does NOT put your clients in a situation where they are giving evidence against themselves. This is MOST IMPORTANT. In … (12 comments)
foreclosure: The Short Sale Revisited - 07/10/07 03:55 PM
Let me say again that I am ALMOST totally opposed to short sales. I suppose that in very limited circumstances a short sale is the "best" solution to an otherwise unsolvable problem. There are at least two parties to the short sale who shouldn't want to go through the ordeal: The Buyer … (56 comments)
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Are Foreclosures Good For America? Part 3 by Bill Roberts
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