Real estate blog entries tagged with problem solving by John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR (Buyer's Choice Realty)

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Home : Blogs : John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR : John Morrison - Boston area real estate - Everything you need to know about buying in Massachusetts : Tag "problem solving"

problem solving: President Obama's 'Homeowner Stability Initiative' - 02/18/09 02:02 PM

President Obama announced a plan today designed to help millions of homeowners around the country. While final details and rules & regulations will not be announced for two weeks, we learned some details today. The plan is scheduled to begin March 4.
Some homeowners will be able to refinance their existing mortgages, only on owner-occupied properties. There are several criteria they must meet. Owners must be current on their mortgage payments, must have a conforming loan (less than $417,000) that is owned or guaranteed by Fannie Mae or Freddie Mac, and apparently must owe more than 80% of their home’s value. … (0 comments)

problem solving: Stemming the foreclosure crisis: MA Attorney General's plan - 01/27/09 11:55 AM

Massachusetts Attorney General Martha Coakley, together with several State Senators and Represenatives, has filed two pieces of legislation aimed at reducing foreclosures and negating some of the negative effects of abandoned properties as a result of foreclosures.
What is Ms. Coakley’s hope? According to the AG website,
“We hope that this legislation can provide for Massachusetts some relief while we wait for action at the national level. The effects of the housing crisis have rippled through all sectors of our economy, and until we tackle the underlying problem of the subprime lending crisis, no bail out package, no matter how big, … (0 comments)

problem solving: Solving the foreclosure crisis. Any ideas? - 06/23/08 04:24 PM

I've been thinking lately. Maybe not always a good sign, but I've come up with some harebrained incredible ideas for solving or at least mitigating the foreclosure crisis in this country.
1. Have lenders agree to work with buyers who are behind on payments but are trying to still live in the home i.e. not flippers etc who put zero down and can just walk away. Work with them how? Cancel fees for a set period of time as they try to catch up on payments. Allow them to refinance to fixed rates with low or no closing costs. Offer interest … (1 comments)

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John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR

Ipswich, MA

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