Real estate blog entries tagged with foreclosures by Clark Garrison, "LOAN MODIFICATIONS" (Taylor 1 INC)

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Home : Blogs : Clark Garrison, "LOAN MODIFICATIONS" : Clark Garrison, "LOAN MODIFICATIONS"'s Blog : Tag "foreclosures"

foreclosures: Short Sales...Go ahead and Dig In! - 06/02/08 10:08 AM

If you haven't guessed by now, foreclosures are getting WORSE!!!
Just as predicted, the rate of REO's lenders are carrying are up 33% from January to April of 2008. More than at any point during the current mortgage crisis, lenders are willing to drop prices significantly. But, Quite frankly.....
"It ain't Good enough"!
Short Sale acceptance agreements are going to be easier to negotiate during these upcoming summer months. Banks almost have no other viable options. They are finally realizing that in many cases they are neting as much or more for a short sale offer. It appears lenders are no … (11 comments)

foreclosures: Bear Stearns, Do we realize how close we came to 1929'? - 03/30/08 12:40 AM

Is it me or did we come terribly close to being in 1929' on March 16, 2008. For those who are not aware (and many are not) Bear Stearns is an investment Bank a securities trading and brokerage Bank!
Bears Stearns recently agreed to a merger with JP Morgan Chase in part to save their butts, but in another way it was to save the US economy!
In an unprecedented act, our government gave BS a non recourse $30 Billion loan. A non recourse loan simply means a loan for a certain collateral. If the loan goes belly up only the collateral … (6 comments)

foreclosures: Penny MAC?..... who are they and what do they want? - 03/24/08 02:54 PM

Have you heard of the New Mortgage company Penny Mac?
Penny Mac, a newly created mortgage company by Ex-CEO of Countrywide (Stanford Kurland).
The aim of this company is to buy back bad loans and restructure them! He's being backed by investment firms Black Rock inc. and Highfields Capital Management.
Penny Mac will also be looking to raise private monies to help buy these loans and restructure them at lower risk rates seeking to reduce their mortgage exposures.
This bank is believed to be well positioned to handle many loans and help the overage that are forthcoming.
I recently did a blog … (34 comments)

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Clark Garrison, "LOAN MODIFICATIONS"

Atlanta, GA

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