short sales: Does Anybody Have A Clue?
- 10/26/08 01:51 AM
I have been saying for months that all of the foreclosures are not due to the mortgage meltdown. There are far more homeowners who have had their homes for nearly fifteen years who have fallen victim to the economy. Companies are downsizing if not going out of business and that has a direct impact on one's ability to meet financial obligations. The New York Times article Spending Stalls and Businesses Slash U.S. Jobs provides a perfect illustration of what is happening. Over the last two weeks Merck, Yahoo, General Electric, Xerox, Pratt & Whitney, Goldman Sachs, Whirlpool, Bank of America, Alcoa, Coca-Cola, … (9 comments)
short sales: I'll Get By With A Little Help From My Friends.........
- 07/12/08 04:53 PM
I'm gonna try with a little help from my friends. Oh if it were only true. Millions of Americans are struggling to find support, a helping hand. Someone who not only understands but, who also demonstrates compassion. Someone who cares. Who are these people? Where are they and why are they in need? No doubt there are a significant number of Americans in need, who have fallen victim to one of mother nature's natural disasters. However, I am not referring to that particular classification of Americans. There is a man made disaster of staggering proportions, the "mortgage financing debacle". Who's victims … (0 comments)
short sales: Lender Splinter
- 07/12/08 04:48 PM
Major league players folding their cards and leaving the game. Some numbers have indicated as much as$1.12 trillion worth of hybrid and traditional adjustable-rate mortgages were originated in 2005 and 2006, while $779.13 billion of interest-only ARMs were issued in that period, according to a survey from the Mortgage Bankers Association. During a recent symposium I conducted, a Vice President from Countrywide and a Loan Officer from Bank of America indicated that projections for this market extend to the end of 2009. Citimortgage's Vice president, said his firm was prepared for a run through 2010. In most cases borrowers with these products are expected … (0 comments)
- Avoid Forclosure - Developing Your Short Sale Team - Sell Your Home With Bank Approval
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I have been saying for months that all of the foreclosures are not due to the mortgage meltdown. There are far more homeowners who have had their homes for nearly fifteen years who have fallen victim to the economy.
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