short sale: BGS3 – Short sales could reach 12,000,000 in number - 10/10/08 08:34 AM
In the spirit of Jerry McGuire, "Help me help you!", let me offer a new perspective, the BGS3 perspective. The Wall Street Journal reported that one is six homeowners owes more on a mortgage than what the home is worth. http://online.wsj.com/article/SB122341352084512611.html Put another way, nearly 12,000,000 households are facing potential default (1 comments)
short sale: BGS3 - Half Truths about Foreclosures - 09/30/08 12:53 PM
This morning I read Millions at Risk of Foreclosure Fraud and was dismayed by some of the inaccuracies in the article. I agree with the author, especially with the need to draw attention to the growth of foreclosure scams, but the article sours when he relies on the information from his experts (2 comments)
short sale: BGS3 - A short sale today means a homebuyer tomorrow - 09/16/08 11:00 AM
In a recent conversation I was asked, "How does a short sale really help the homeowner?" This was not the first time I had been asked this question, but considering the source was a prominent individual with 20 years in mortgage lending, it was the first time I realized such uncertainty (6 comments)
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