father time auctions real estate st louis mo: Investors Divided on Principal Write-Downs: DBRS - 04/28/10 02:40 PM
The U.S. Treasury announced plans in late March to incorporate principal reductions as part of the Home Affordable Modification Program (HAMP) for distressedborrowers who owe more on their mortgage than the home is worth. The move has sparked a heated debate over the ramifications of mortgage debt forgiveness.On one side, proponents argue that negative equity has become one of the primary triggers of default, and of re-default even after the original mortgage is modified using the typical waterfall of rate reductions and term extensions – when plagued with negative equity, borrowers essentially have little at stake in keeping their homes. Supporters … (0 comments)

father time auctions real estate st louis mo: Community Banks Weathering Recession Better Than Big Banks - 04/23/10 03:41 PM
Federal oversight agencies and regulators have repeatedly warned that failures of small and mid-sized banks are expected to escalate. While many have gotten a handle on problems arising from the housing crisis,top officials have said losses from defaults on commercial real estate loans maturing in the next few years now threaten to topple nearly 3,000 of the nation’s community banks.It’s true that bank failures and government seizures continue at a pace not seen since the savings and loan (S&L) crisis of the 1990s. Already this year, 50 banks have been forced to shut their doors, after 140 went under in 2009. … (0 comments)

 
Paul Roesch CDPE 618-233-1000, Real Estate Auctioneer CAI St Louis MO Auctions (Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals) Rainmaker large

Paul Roesch CDPE 618-233-1000

Real Estate Auctioneer CAI St Louis MO Auctions

Webster Groves, MO

More about me…

Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals

Address: Metropolitan St Louis MO and surrounding Illinois and Missouri Counties, 63124

Office: 618-233-1000

Mobile: (618) 407-8479

Email Me

I sell real estate assets fast and economically. I auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers. Paul Roesch cell: 618-407-8479


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