foreclosures: Need to complain about Indymac no more - 07/12/08 11:12 AM
A lot of us are actively involved processing shor sales with Indymac. There was a lot of frustration out there with the way Indymac was procesing files (Indymac is a pain). The need to complain is no more. Indymac was taken over by the Government.
Now we have to anxiously wait … (6 comments)
foreclosures: 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 … (5 comments)
foreclosures: Why NAR shouldn’t Ban Short sales - 06/13/08 04:58 AM
You possibly have read the post “NAR should ban Short Sales”. Let me strongly disagree. Even if they could, they shouldn’t. We all need succesfull short sales and no-one more than lenders. I understand the frustration with the process. Lenders present to us total inability to handle the volume. … (8 comments)
foreclosures: Senate panel passes housing rescue plan - 05/21/08 01:47 AM
One of the key problem faced by home owners facing foreclosures is inability to refinance. The House has just approved the rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers. The plan would let the Federal Housing Administration take on up to $300 billion in new mortgages. … (6 comments)
foreclosures: Countrywide and your neighborhood market - 08/17/07 01:37 AM
Have you thought what would happen to your neighborhood real estate market if Countrywide would stop making loans? How dependent are buyers in your area on loans from Countrywide? Have you thought about that? I had a discussion with my appraiser friend, Michael. He specializes in the Northern part of … (12 comments)
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A lot of us are actively involved processing shor sales with Indymac. There was a lot of frustration out there with the way Indymac was procesing files (Indymac is a pain). The need to complain is no more. Indymac was taken over by the Government.
