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default: Problems for Defaulters. - 07/19/10 11:17 AM
I believe most of you know about the new Fannie Mae regulations for borrowers who purposely default on their mortgages. If you do not, one is quite simple. If you “strategically default” on your mortgage, you will have a seven year ban on new Fannie Mae loans. They are using this as a means of detouring borrowers who can afford to make their payments, but choose not to. This is becoming popular amongst borrowers who owe more on their home than it is worth. On top of the seven year ban, according to an article on seerpress.com, Fannie Mae might start … (0 comments)

default: As Foreclosures Surge - Lenders Discount Prices - 08/06/08 06:45 AM
It is no secret that California has been especially hit in the current housing crisis.  But opportunity for astute home-buyers, can arise when there is blood in the streets.Lenders are generally in the business of making loans to people, and are not in the business of owning real estate.While trying to maintain that business module, lenders are increasingly being seen dramatically slashing prices to release themselves from unprecedented numbers of foreclosed properties on their books. In the real estate marketplace, evidence of these price cuts has created what some GreatWest GMAC professionals have described as a "Tale of Two Markets."One marketplace is … (0 comments)

 
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Real Living GreatWest

Sacramento, CA

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Real Living GreatWest

Address: 3604 Fair Oaks Blvd. #120, Sacramento , CA, 95864

Office Phone: (916) 481-3400

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Conversations about real estate related issues in the greater Sacramento areas. This includes: Yuba City, Roseville, Rocklin, Elk Grove, Rancho Cordova, Granite Bay, Folsom, El Dorado Hills, Natomas, Gold River, Lincoln, Merced, Galt, Stockton, Anatolia, and other surrounding cities.


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