foreclosures: Getting Rid of the Foreclosure Market....When?
- 09/20/11 07:45 AM
According to some "experts" now, getting rid of the foreclosures will assist those who still can afford their property. Well, that is something I have said over and over again for the last five years. When will the investors learn that dragging this thing on and on and on only ultimately hurts their bottom line? "While some of the 2.2 million loans in foreclosure can still be saved, many are too far gone, they say. Some 37% have not made a payment in more than two years, while another 34% have not made a payment in 12 to 23 months, according … (4 comments)
foreclosures: Followup to the Bank of America Debacle
- 05/19/09 02:24 PM
Well, Bank of America, the press is now aware of the folly of your acceptance nine months after the submission of a short sale. On Monday, I was interviewed by an investigative reporter from WCCO, the local CBS affiliate. My associate, Suzanne McLaughlin, had alerted a very astute reporter she had worked with in the past on another matter. He was actually looking for someone on this matter...the banks being very difficult, at best, to work with on short sales and bank-owneds that could not be sold. This worked well for all concerned. We will get the word out that the … (12 comments)
According to some "experts" now, getting rid of the foreclosures will assist those who still can afford their property.
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