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foreclosure: Strategic Default - Walking Away from a Mortgage - 11/07/10 08:43 PM
One of the few places the dilemma of strategic default, or just walking away from an upside down mortgage, is discussed from all points of view is NPR.  I have to admit, that while I am not stuck in this situation, I really am not so sure if my moral compass would point to true north if I were.  Walking away when you are financially distressed is one thing, but walking away when can pay but it doesn't make financial sense is yet another thing.
Here is the broadcast from NPR's Morning Edition form October 28, 2010.  Read the article or listen to … (1 comments)

foreclosure: The Foreclosure Freeze - Not All Areas Affected Equally - 10/19/10 11:16 PM
Before you make up your mind to begin shopping for those REO properties of foreclosed homes, find out how the foreclosure freeze has affected your part of the country.  Because the laws regarding the foreclosure process differ from state to state so too do the legal ramifications if you happen to be involved in one of these purchases or have foreclosure action taken on your home.
The clip below may help you understand the best way to proceed in your area.  It seems that wherever you are it is always a good idea to involve legal counsel. 
You can also follow … (3 comments)

foreclosure: HOA Has Power to Foreclose - 06/30/10 01:30 PM
Yes, it is true, the Home Owners Association does have the authority in many cases to begin foreclosure proceedings over delinquent HOA fees.  Do some HOAs take this authority too far? See the link below I would love to know what you think.  Foreclosure is ugly, I don't care what the reasons.  The video represents the opinion of the station doing the story, feel free to interject yours as well.
 

 
 
Fortunately for the Clauers, a federal law, the Servicemembers Civil Relief Act, appears to give them legal recourse.
… (3 comments)

foreclosure: Is Buying Foreclosure Real Estate for You? - 04/05/09 10:15 PM
Buying a Foreclosure in Franklin, TN. or the Greater Nashville Area  Please call me if you are interested in finding foreclosed real estate in Franklin TN, Brentwood TN, Nashville or Spring Hill Tennessee. ~~~~~~~~~~~~~~~~~~~~~~~~~~
Franklin TN - Area and Market Report Index  The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Mike Nastri    Keller Williams Realty - Franklin, TN neither Mike Nastri or the Keller Williams Realty Franklin  office, which is independently owned and operated are responsible for the accuracy or content provided by The Community.
  Links to Mike Nastri past Real Estate blogs, Listings, … (1 comments)

 
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