bail out: Loan Modifications....Do They Work? - 02/20/09 11:07 AM
The numbers are out: the latest industry statistics reflect that approximately fifty percent of all loan modifications will fail.
The numbers are no surprise. The term "loan modification" has become the catch all name for any repayment plan, sort of like referring to a tissue as Kleenex. Despite the bail outs … (2 comments)
bail out: This is HUGE! - 01/09/09 02:02 PM
Have you seen what Citi has done?
http://money.cnn.com/2009/01/09/news/companies/citigroup_legislation/index.htm
Citi is certainly a leader with this announcement. I asked the very thing of WAMU only a few days ago and was told absolutely not - too much room for fraud (fraud as it pertains, she explained, is people that didn't want to … (7 comments)
bail out: Yes George, Short Sale Buy Backs ARE Illegal - 03/12/08 03:59 PM
This post is dedicated to a local Realtor engaged in the very dangerous practice of structuring short sale buy-back/lease backs. For those not familiar, a short sale buy back is where the Seller/Borrower (who is in foreclosure) enters into a Purchase Agreement with a relative, friend or whomever to buy the [distressed] … (5 comments)
bail out: Scary New Strategy - 02/24/08 04:07 PM
The first time I heard about this strategy I thought surely this must be an anomaly. Nobody would intentionally set out with such a plan, surely it must be criminal or at the very least fraudulent. Then after pondering the pros and cons, the different ways a person could actually pull it off and … (6 comments)
bail out: Refinance - Foreclosure Solution? - 10/10/07 03:08 PM
Lenders have been tightening their lending standards for over 18 months now. First we saw the subprime mortgage market melt down (subprime are those borrowers with less than perfect credit). Then, as the number of foreclosures continued to rise, there was even more tightening and the squeeze extended beyond the subprime markets. The bottom … (1 comments)
bail out: Sound Off – Should Gov’t Bail Out Homeowners Facing Foreclosure - 08/04/07 12:53 PM
It seems like nearly every day, I come across another article relative to our government bailing out those homeowners facing foreclosure and the very notion is preposterous. First off, let me say that I work with homeowners each and every day that are in or near foreclosure. Yes there are some … (3 comments)
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The numbers are out: the latest industry statistics reflect that approximately fifty percent of all loan modifications will fail. 
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