foreclosures: Strategic Default on Mortgage: Moral and Financial Considerations - 07/07/09 11:20 AM
Broker Bryant wrote a blog, commenting on another blog, by Richanrd Zaretzky, both regarding intentional defaults on mortgages. Bryant argues that when your home is worth less than 50% of the price paid, or mortgage balance, that in fact it might be financially sound to default.
I would like to point … (62 comments)
foreclosures: Confusion: Multiple Contracts on single properties being asked for - 05/18/09 03:09 PM
Not sure what this means: A listing agent is asking for Purchase Contracts from multiple buyers, to submit to the bank that owns the property. These need to be signed by the buyers, of course. Then, in one instance, where we accomodated this, it turns out that the sale goes to … (6 comments)
foreclosures: Economics, Bail Out Plans, Foreclosures: What to do? - 11/18/08 02:35 PM
While the experts mull over what they should do about the current economic situation, houses are still being lost by many homeowners, and lenders are still slow to the gate for new loans.
Several plans have been put forward, ranging from buying up bad mortgages, to capitalizing lenders, and everything in … (0 comments)
foreclosures: Bailing out Buyers Who Made Bad Choices (revisited) - 02/05/08 11:38 AM
Nannette Saunders wrote: And as part of the stimulus, which has already passed the House, homeowners would be able to seek the protection of the Federal Housing Administration for vastly more expensive homes than before. One provision of the bill would raise the limit on FHA mortgages from $362,790 to as … (4 comments)
foreclosures: All Americans Can Own Their Own Home, Just Not For Very Long - 02/12/07 12:29 PM
for the last 5 or 6 years, it has been a Mantra of the Administration, and of Realtors and Mortgage Companies, that "All Americans can own their own homes." We have seen interest rates at all time lows, with new lending programs for 100% financing, interest only loans, and even negative … (9 comments)
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Broker Bryant wrote a blog, commenting on another blog, by Richanrd Zaretzky, both regarding intentional defaults on mortgages. Bryant argues that when your home is worth less than 50% of the price paid, or mortgage balance, that in fact it might be financially sound to default.
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