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forbearances: Freddie Mac and Fannie Mae thrown a "LIFELINE"....Finally! - 07/30/08 05:11 PM
It appears our current government will take action after all!
After mulling and procrastinating for more than a year, the Administration has decided to pass a bill worth passing.
Pres. Bush ok'd a bill designed to assist more than 400,000 homeowners and correct the market plunge. The Treasury Department will be give "carte blanche" under Sec. Paulson to assist financially strapped Freddie Mac and Fannie Mae (The largest holders of bad mortgages were in dire need of being rescued). Although many recommended letting the market correct itself, it appears a bipartisan effort with some give and take made this bill possible.
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forbearances: Short Sales...The Ostrich Syndrome - 06/26/08 02:06 PM
How many Short Sales gurus out there have clients who come to you at the very last minute!?
Homeowners who are in deep trouble with their mortgages, more often than not simply put their heads in the sand until the fireworks are over! Those fireworks being "Foreclosure"!
Doesn't that drive you mad!
What they need to do is act early and ask questions.
Taylor One has had a rash of short sale clients in June, the most in any other month. 60% of them were weeks away from foreclosure! I have no idea why they would wait so long for help.
… (11 comments)

 

Clark Garrison, "LOAN MODIFICATIONS"

Atlanta, GA

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Taylor 1 INC

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