It stands to reason that if a bank makes a loan more affordable for a borrower they are less likely to default on that loan. So why are banks just now deciding to finally get in there and make some modifications? Even now only 4% of homeowners in need of a loan modification are receiving them.
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12/16/2009
Those who have the means are fixing up their current homes. There is a lot more "nesting" going on lately as more and more people are inquiring into updating their property. Many home owners are looking for more space but after looking at the options, decide to remodel instead of buy a new home.
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12/10/2009
The Tony and Libby Kelly Group | Keller Williams Portland Premiere | 503-753-7300 9225 SW Garden Home Rd, Portland, OR Gorgeous Sherwood Gem on cul-de-sac! This lovely homes features a nicely updated kitchen with slab granite counters, and tile flooring. Large windows 4BR/2.5BA Single Family Hou
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12/07/2009
The Obama administration has decided to pressure loan servicers to do what they said they would do, which is help homeowners long term. Many, many borrowers are stuck in trial adjustments when we really need to get them into permanent modifications. The government will be sending teams to the var
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12/01/2009