foreclosure: Thank You Vegas!
- 01/28/10 01:24 AM
Michigan: the cold, barren January tundra that cools the real estate market after gains in the 4th quarter of last year. Well, the city that most people associate Michigan is of course, Detroit. What was Detroit known for? Crime and homocide in the past. More recently, we have been the poster child for the foreclosure fallout. Well Detroit, someone outdid you. Las Vegas now leads the nation as the city with the most foreclosures. Not something we are envious of. The market in Las Vegas had explosive growth in the height of the market in the lead up to the banking … (3 comments)
foreclosure: Loan Modifications Q&A, Indymac Bank's New Trend.
- 12/09/08 12:45 PM
Hello... We are seeing the mortgage industry change before our eyes. Rather than simply foreclosing on borrowers, many folks are being offered loan modifications on their existing loans in order to avoid foreclosure, which costs the bank money and the housing market growth. What is this process? There are several blogs on ActiveRain that explain it in detail. I work with IndyMac Federal Bank and it seems as though they are trying to be the model for this process. I had originally heard that a borrower needed to be 90 days past due to be considered for the process, but after … (0 comments)
foreclosure: The NW Michigan Real Estate Market - Thanksgiving Update
- 11/25/08 01:53 PM
So you watch the news?! If you do, you have been seeing the doom and gloom suggested by the media. It doesn't matter if its CNN, MSNBC, or FOX NEWS... all the same fear on each broadcast. I have found a break from the doom and gloom by paying more attention to my local news. The overall picture is that the sky is falling in MI real estate and now... the American auto industry is going to collapse?! My local news runs lead stories about how much snow we got and how the city is planning for growth and development. This … (2 comments)
Courtesy of: COLDWELL BANKER SCHMIDT-402 402 E Front Street Traverse City 
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