Many homeowners are wary of housing relief--major lenders have begun to promise much more housing relief to troubled borrowers, from forgiving mortgage principal to doling out dollars for closed short sales in light of this year's historic mortgage settlement between banks and 49 states.
Bank of America, for instance has been sending out about 10,000 letters a week to solicit for its mortgage reduction program for the past five weeks. Problem is "they're" (homeowners) not responding.
Borrower fatigue is to blame for the lower than expected … (0 comments)
lenders: Lender's Giving Cash To Homeowners In Foreclosure For Keys.
- 04/12/08 02:37 AM
Yes, this is now happening, lenders are trying to stop homeowners from destroying their property before the lender forecloses. These lenders state that if the property is in good condition when foreclosed upon they will reward the former borrower. The amount can range from a couple of hundred dollars to several thousand depending on where the home is located. I know that many of us have seen homes that are completely destroyed and many times the REO agents are just putting a band aid on the issues that they have to deal with. It seem that these lenders are trying to … (5 comments)
lenders: Why Agents Fight Over Escrow, Title and Lenders Etc?
- 01/18/08 12:22 AM
I was working with a very savy buyer that had purchase about seven homes in the span of his life, as we explore all the possibilites that were avaliable in his price range we finally narrow it down to the home that he thought would be the right one. Spending a huge amount of time on getting to the point where he felt comfortable making an offer on this home (after reviewing comps and factoring in what the market is currently like) he was getting excited about this home. I call the listing agent up and let her know that we … (7 comments)
Local San Diego, California Homeowners Leary Of Lenders Newest Offerings.
;)
;)
;)
