loans: Upside Down on Your Home? – Here’s Your Playbook
- 04/04/10 12:38 AM
Here's some advice from a loan officer about what to do if you are "underwater" on your mortgage. I am surprised to hear 39% of Minnesota is "underwater" and I do not know what the percentage for Ohio is. Thanks to Charles for allowing this to be Re-Blogged.
In my home state of Minnesota, Minneapolis and Saint Paul have nearly 39 percent of homeowners under water. I've had the question, "I'm upside down on my home, what are my options?" so many times that I wanted to prepare a menu of options for people to reference. This article briefly … (0 comments)
loans: The road to hell and the new mortgage disclosures
- 12/21/09 11:09 PM
The new mortgage disclosures 2010 This is national change.... so it affects or is that effects (those are my worst two confusing words, affect and effect...) The changes in disclosures, the Good Faith Estimate changes touches us in Columbus as it does consumers all over the country. This is a Re-Blog of mortgage information from a Florida loan officer, Gerry Suarez Jr. of Thomas Mortgage. Thanks Gerry for allowing this Re-Blog of your opinion of these changes. I think Gerry's "road to hell" caught my attention. At Real Living HER in Worthington we've been introduced to some of the upcoming changes … (4 comments)
loans: Hope not looking hopeful
- 02/04/09 10:55 PM
This is a re-blog of content from Cheryl Johnson, a real estate broker in California about the Hope for Homeowners Loans, a national program. From the NPR article that Cheryl links to: analysts forecasted only 400,000 mortgage owners would be served by the program. There've been just 451 applications and how many loans have actually closed.... well here's the news from Cheryl Did you catch this on the news? So, far, only 25 Hope for Homeowners loans have closed in the ENTIRE country!!???! Read the NPR article here Seems to me that ~banking institutions~ received government funds without a lot … (2 comments)
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