foreclosure mike sikorski florida real estate broker: Are Distressed Homeowners Giving Up on Short Sales?
- 08/19/10 12:34 AM
Are distressed homeowners giving up on short sales? With foreclosure filings on the rise due in large part to continued employment losses and fallout from faulty mortgage loan modifications, it seems fewer and fewer homeowners are considering the possibility of short selling their home. Within my own community, more than 80% of the homes that are currently in the foreclosure process are not listed for sale in the local MLS. What is even more staggering is the fact that over 50% of these same homes in pre-foreclosure have not been listed for sale in the MLS for the past 10 years!! With REO inventories rising … (1 comments)
foreclosure mike sikorski florida real estate broker: HAFA Fails before it has even begun
- 05/05/10 08:41 AM
The new federal guidelines designed to speed up the short sale process, otherwise known as the Home Affordable Foreclosure Alternatives program, will likely pressure banks and mortgage lenders to provide the one-answer homeowners and their real estate professionals do not want to hear: NO! Pressuring banks, credit unions, and mortgage lenders into a timeline of 10 days to process a short sale is completely unrealistic, especially since the federal government has failed to address the root causes of the lengthy delays of the short sale process in the first place. Most of the delays in getting short sales approved are largely … (0 comments)
23 Legal Defenses to Foreclosure: How to Beat the Bank" Author: Troy Doucet 440 pages Publication date: 2008 Publisher: Custom Books Publishing ISBN: 1438278195
Did you know that there are laws on the books that protect you AND help you defend yourself against the prospect of a mortgage foreclosure? Did you know that certain lending law violations may win for you punitive damages against your mortgage lender, including the cancellation of your mortgage loan?
One of the most useful and informative books that I have found dealing with the subject of mortgage foreclosures is … (0 comments)
foreclosure mike sikorski florida real estate broker: WHO'S PROPERTY IS IT ANYWAY?
- 03/29/09 01:59 PM
In the mad dash to relist a property for sale in the MLS after a foreclosure sale has taken place, many of these properties are not eligible for sale! The back log of filings of Certificate of Title in many circuit court systems around Florida have left many of the home titles in the previous owners name for several weeks after the Public Sale has taken place! In most instances, the Certificate of Title is recorded within 10 days after the Public Sale has taken place, forcing the previous owner to move out quickly. today, many of the Public Sales that … (1 comments)
foreclosure mike sikorski florida real estate broker: Certain Loan Mods Are ‘Designed” To Fail
- 01/03/09 09:58 AM
"Unqualified" homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place. Although many ‘qualified' consumers are receiving favorably modified mortgage loan terms due in large part to sufficient monthly income and low debt to income ratios, many homeowners who have lost significant household income since first receiving their mortgage loan are being locked out of the loan modification process. Even the government sponsored mortgage loan bailout programs are … (0 comments)
Are distressed homeowners giving up on short sales?
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