foreclosure crisis: 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.
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foreclosure crisis: States Begin to Fight Back!! Countrywide in trouble...AGAIN - 06/25/08 01:24 AM
It appears the state of Illinois has had enough. The state of Illinois is suing "Countrywide Mtg. Co. claiming it has participated in deceiving homebuyers. If you ask me it was only a matter of time for States to begin fighting back against an "It's not our fault" attitude most lenders have made their creed. Mortgage brokers and Lenders have participated in their fair share of causing our Nations greatest housing colapse in almost 30 years!
In recent months, The city of Cleveland, OH sued 21 banks due to terrible subprime lending guidlines. Massachusetts sued a prominate mortgage brokerage (Lehi Mortgage … (16 comments)
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foreclosure crisis: McCain vs Obama...Real Estate Crisis alert! - 06/12/08 11:00 PM
I've been watching the recent debates between both presumptive canidates on thier views of how to solve the nation's Mortgage crisis.
By no means is this blog an endorsement of any of the canidates. I'm simply stating what their plans are to try to resolve what seems to be a never ending foreclosure plague!
McCain's views are that he will not bail out nor reward those who act irresponsibly (banks and homeowners)
Government assistance to banks should be based on preventing systemic risk that would harm or effect our financial system. His emphasis is that the market should find … (14 comments)
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