adjustable loan: ActiveRain Your Counsel Was Taken: A Short Sale Case History
- 08/10/07 12:40 PM
ActiveRain Your Counsel Was Taken: A Short Sale Case History by John Occhi, Hemet REALTOR® Mission Grove Realty Last month I posted a blog article seeking the advise of ActiveRain members in a situation that is becoming much to common in today's real estate market.The call came from a Pastor who had read through my blog and felt confident that if anyone could offer good solid worldly advise on a very real problem in this world, from a Christian prospective.We talked on the phone for 45 minutes. I emailed him numerous documents to consider, including a best case scenario market analysis (17 comments)
adjustable loan: ActiveRain – I Need Your Help. Is This a Short Sale? How Would You Counsel this Seller?
- 07/28/07 08:48 AM
ActiveRain - I Need Your Help. Is This a Short Sale? How Would You Counsel this Seller? by John Occhi, Hemet REALTOR® Mission Grove Realty Last night I received an email (thank you ActiveRain) that I followed up with a 45 minute phone call this morning from a homeowner who knows he is on the steps of disaster as his 80/20 sub-prime adjustable loan (ARM)already reset once increasing the principal and interest from $2200 a month to over $2900 monthly payment...and is expected to reset once again in under two months. He has a homeowner's association payment of $300 due every (34 comments)
adjustable loan: Foreclosures May Cost U.S. Homeowners, Lenders $112.5 Billion
- 06/17/07 01:41 PM
I came across this article in my email and thought it was so relevnt to wha tI have been reporting on that the only way I could do it any justice was to reprint it here: Foreclosures May Cost U.S. Homeowners, Lenders $112.5 BillionBy Hui-yong Yu March 19 (Bloomberg) -- U.S. homeowners, lenders and investors may lose as much as $112.5 billion through 2014 as mortgage payments go up on adjustable-rate loans, triggering defaults and foreclosures, according to a study by mortgage-risk data provider First American CoreLogic. An estimated $2.3 trillion of adjustable first mortgages were originated from 2004 to 2006, many of which will begin to (0 comments)