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financial crisis: Why loss mitigation and short sales are not happening? - 06/16/08 10:26 PM
                                              
Many of us realized that lenders and mortgage servicers are giving short sales a “cold shoulder”. It simply doesn’t make sense that lenders and mortgage servicers don’t seem to care for success of short sales, as they don’t seem to have incentives (!) to do so. A good friend of mine and even better broker sent me a link to the excellent article from Money magazine – “WHY MORE HOMEOWNERS AREN’T GETTING HELP? It is an eye opener.
Did you know “that servicers have financial reasons for not helping homeowners who fall behind? As middlemen, they are paid a … (5 comments)

financial crisis: Doesn't he sound like Clinton? - 06/14/08 12:06 AM
                                     
"Worst (is) over for U.S. if financial crisis ends" according to Greenspan, Doesn't sound it like "It is going to stay dry if it doesn't rain" or very "Clintonesque" (read: says nothing)?  Here is the link to the Reuters news CLIP. I guess now we understand better Greenspan's attitude towards negative ammortization loans when he said "They will help you if they don't hurt you first!" (just joking - he didn't say that. It just feels like he did!)
… (4 comments)

 
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Artur Urbanski

Burlingame, CA

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Cimpler Real Estate, Inc.

Address: 533 Airport Blvd., 4th Fl., Burlingame, CA, 94010

Office Phone: (650) 401-2245

Cell Phone: (415) 672-5051

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