preforeclosure assistance: Short Sales...The Ostrich Syndrome
- 06/26/08 07:06 AM
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)
preforeclosure assistance: States Begin to Fight Back!! Countrywide in trouble...AGAIN
- 06/24/08 06:24 PM
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)
preforeclosure assistance: Short Sales...Go ahead and Dig In!
- 06/02/08 03:08 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)
preforeclosure assistance: Ohio's "Save the Dream" campaign
- 04/02/08 08:57 AM
Here's a great story and tribute to the great state of Ohio! Ohio is another state that's apparently fed up with Big Government and decided to take matters in their own hands. They are sponsoring a program to assist Home Owners who are facing foreclosure. This program is called "Save the Dream"! an appropriate name (if i may say so myself). One of the newest initiatives is to get volunteer, Not for profit Attorneys to give their time and consul to Home owners. Their goal is to give the best advise (case by case) on what their options may be. There are some … (5 comments)
How many Short Sales gurus out there have clients who come to you at the very last minute!?;)
;)
