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foreclosures: Hawaii's Foreclosure Law - If your interested :) - 03/18/10 10:44 AM
In Hawaii foreclosure law Judicial Foreclosure and non-Judicial foreclosure both approaches are used. In Hawaii state foreclosure timeline ranges up to 60 days. Hawaii foreclosure law gives endorsement to deed of trust and mortgage as primary security instruments. Hawaii foreclosure law does not authorize the statutory right of redemption. However deficiency judgments are allowed by Hawaii Foreclosure law.
By way of non-judicial or judicial foreclosure process lenders in the state of Hawaii may foreclose on deeds of trusts or mortgages in default occurs.
Judicial Foreclosure Judicial foreclosure process is by and large used when a “no power of sale” is there … (1 comments)
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foreclosures: A Full Service REO Property Preservation Team? - 01/20/10 11:08 AM
Are there any REO agents using full service REO companies? By that I mean, you get the Bank Owned Listing and its your job to get the property dialed in for sale.
I know a guy who started a Full service REO company and has become very succesful in a short period of time assisting REO agents, Asset Managers and banks to prepare the property for sale.
It appears as of right now, that an agent has a list of contractors that they hire to do the work. My friend, does all that for you. You only need to contact him.
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foreclosures: Fannie Mae - A Property Manager? Really!? - 11/05/09 10:43 AM
Did anyone get the chance to see the article about Fannie Mae going into the rental business?
In a recent article by MSNBC.COM, thousands of borrowers on the verge of foreclosure will have an option to rent their homes from Fannie Mae.
They are calling it a "Deed for Lease" program, which will allow borrowers to transfer ownership to Fannie Mae and sign a one year lease with a month-to-month extension there after.
From the practical side, I agree with the program. It stabilizes neighborhoods, eliminates some foreclosures, and keep some families in their homes during the uncertain times.
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