foreclosure: Strategic Default - a Not so New Concept - 10/10/09 04:40 PM
Lately there have been several articles and blog posts centered on Strategic Default. While the phrase seems to be new, there is nothing new about the concept.
Strategic Default is making a conscious decision to stop making payments on a debt. The debt can be a mortgage, car loan or even … (2 comments)
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foreclosure: Banks to do Buy Backs? - 08/24/09 04:59 PM
There's a couple of great ideas floating around: (1) allow homeowners to remain in & lease their home after foreclosure, and (2) offer a buy back in which the homeowner could purchase the home after a specific term (3 years? 5 years?)
Buy backs are not a new idea, buy backs … (6 comments)
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foreclosure: What's Next? Personal Injury Attorneys sueing Lenders? - 08/09/09 10:57 AM
Why not?
Think about it. How long should a short sale actually take?
Let's suppose an offer comes in on a house. A professional short-sale listing agent has already worked with the seller gathering the paperwork that will be required fr the lender. Sme lenders actually will image the documents prior … (0 comments)
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foreclosure: Approved Short Sale! - 06/27/09 08:31 AM
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foreclosure: Clearwater - EZ Access to Beaches, Tampa - 06/27/09 08:18 AM
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foreclosure: Short Sale Sweetie in Clearwater, FL - 06/27/09 08:08 AM
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foreclosure: Tenants Rights.........Update - 06/27/09 07:18 AM
A year ago, I wrote a post Tenants Rights & Foreclosure that discussed the absence of tenants rights when landlords don't pay their mortgage. Despite the fact that the tenants paid their rent, if the landlord's property was foreclosed upon, the tenant was out of luck.
Effective May 20, 2009 - … (1 comments)
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foreclosure: Lake Tarpon - Dock your boat out your back door! - 05/21/09 10:04 AM
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foreclosure: Short Sale Sweetie - Move in Ready - 05/21/09 09:51 AM
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foreclosure: Clearwater Bungalow - Short Steal! - 05/21/09 09:41 AM
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foreclosure: Have you seen this yet? - 03/31/09 10:10 AM
Here's photo that is circulating via email...
Better still - did you see this in the NY Times?
Banks Starting to Walk Away from Foreclosures
Hang on folks, this ride ain't no where near over.
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foreclosure: 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)
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foreclosure: Hard to Buh-lieve! - 01/30/09 09:51 AM
I've met some ungrateful and manipulative people in my life but this guy ranks near the top...
"Sam" contacted me via my website (www.wendysmithrealestate.com) in August '08. He had gotten himself into a real mess with his mortgage payments.
During the initial consultation, I shared my findings and showed Sam that he … (1 comments)
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foreclosure: Re-Hab Project - Tons of Potential - 01/17/09 11:03 AM
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foreclosure: Great Location - Must Sell Quick! - 01/15/09 02:38 PM
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foreclosure: Clearwater Resort Short Sale - 01/14/09 03:55 PM
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foreclosure: Clearwater Cutie! - 01/14/09 03:34 PM
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foreclosure: 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)
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foreclosure: It's About Commitment - 01/08/09 09:06 AM
I recently moved to a small community with a single entrance. At that entrance is a few small neighborhood retail shops which include a restaurant, a beer & wine store and a pet grooming store. The newest addition is an ice cream shoppe and the reason I sat down to write.
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foreclosure: Auctions for Short Sales? - 08/01/08 04:01 PM
Are auctions a viable means for moving short sales?
I've been tossing around the auction concept and how it could be used to move short sales before the actual foreclosure auction - and before a lot of expense to the lenders.
In the past auctions were used primarily for homes in … (11 comments)
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