boa: Bank of America Cutting 30,000 Jobs - Good or Bad? - 09/12/11 08:07 AM
Bank of America is downsizing 30,000 employees. Click here for article.
Is this good or bad for the housing market? Will this help BOA process short sales faster? Will this help BOA process REO's faster?  
Realtors nationwide are trying to help the banks mitigate their losses by processing short sales.
However, Bank of America is notorious for taking a year or two years to process individual short sales, all the while the houses are losing value. The many thousands of short sales that were handled ineffectively could have helped BOA recover more funds than they did by foreclosing … (3 comments)

boa: Think a Foreclosure Moratorium Will Save Your Home in Louisville? - 11/07/10 12:21 PM
Bank of America, GMAC and Chase have recently announced a freeze on foreclosures. Soon thereafter they announced they lifted the freeze and will continue the foreclosures.
There is much confusion in the market.
One thing is sure, however, if the borrower is behind on payments, the lender eventually has the right to foreclose.
The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure.
Please click here for a free report on the Five Steps to Avoid Foreclosure

boa: Amazing Story - BOA Forgets to Foreclose on a $300,000 Loan for 3 Years - 11/07/10 04:21 AM
This is a true story. The greatest fiction writer could not make this up. We will call the homeowner “Sally” for illustration purposes.
Sally files Chapter 7 bankruptcy. Sally includes her $300,000 loan in the bankruptcy and moves out of her Louisville Highlands home. Sally never makes another payment. Loan officer tells Sally she can get a new loan 3 years after bankruptcy. Sally waits 3 years and applies for a loan. Loan officer tells her she doesn’t qualify because she still owns her house with a $300,000 balance. She still owns it after all these years. What the Bankruptcy … (6 comments)

boa: The Ripple Effect of The Abrupt Halt to Foreclosures - 10/10/10 01:58 AM
The ripple effect of the abrupt halt to foreclosures is far reaching. Here's just a partial list of those affected:
Buyers Contractors who were going to repair the home. This alone has a massive effect on employment. Hard working Americans who build America are abruptly out of work, again. The entire manufacturing and supply chain of material needed to renovate repurchased foreclosed houses. Movers Closing attorneys Appraisers Appliance retailers and wholesalers and manufacturers Neighborhoods suffer more blight for an additional extended period of time. Owners who moved away and have to maintain the house. Some municipalities file criminal complaints against owners … (198 comments)

Dave Halpern, Louisville Short Sale Expert (Keller Williams Realty Louisville East (502) 664-7827)

Dave Halpern

Louisville Short Sale Expert

Louisville, KY

More about me…

Keller Williams Realty Louisville East (502) 664-7827

Address: 1230 S. Hurstbourne Lane, Louisville, KY, 40222

Office: (502) 664-7827

Mobile: (502) 664-7827

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