foreclosure: From the Daily Show Comes "The Forecloser"
- 08/15/11 02:13 AM
From the Daily Show Comes "The Forecloser" Coming soon to a theater near you "The Forecloser" features bankers as bad guys and unwitting homeowners as good guys. What happens when a novice attorney takes on the all powerful Bank of America? Watch the trailer to see for yourself.
According to the ABC News story: As to how the situation arose in the first place, [Todd] Allen [of Conrad WIllkomm, P.A.] says the home's prior owner had defaulted, and that [Bank of America] had taken back the house. "My clients purchased the property directly from Bank of America. If they [the … (1 comments)
foreclosure: Get on the Fast Track to Finding Annapolis Maryland Foreclosures
- 03/28/11 02:36 AM
Get on the Fast Track to Finding Annapolis Maryland Foreclosures Have you thought that a foreclosure or bank-owned home might be right for you? If you're thinking about buying a home and haven't considered the great deals and steals you can find on REOs (bank-owned jargon that stands for "real estate owned") homes, perhaps now is the time you should. There are foreclosed condominiums, townhomes and single family homes for sale at prices significantly lower than the average market price. You can find bank-owned homes that are nearly ready to move right in (hint, watch for the phrase "homepath" in property descriptions) as well as … (0 comments)
In response to an MSNBC.COM article - Banks repossessed 1 million homes last year - and 2011 will be worse - I posted the following response: We've been very lucky in Anne Arundel County, Maryland. While other parts of the country have experienced high foreclosure rates, our local real estate market - despite nearly a 30% decline in value from the market peak in 2006-2007 - has not seen significant foreclosure actions. Less than 10% of our current active inventory are foreclosures. About 1 in 12 … (7 comments)
foreclosure: Has the Foreclosure Market Stabilized in Anne Arundel County, Maryland?
- 01/12/11 08:53 AM
Has the Foreclosure Market Stabilized in Anne Arundel County, Maryland? The foreclosure market segment continues to be a small portion of the overall residential real estate market in Anne Arundel County, Maryland. On January 12, 2011 there were 244 active foreclosure listings where there were 3,133 active listings overall. That means that there is just a little over 4 months of foreclosure inventory while there is nearly 9 months of regular residential inventory. Foreclosed homes, on average are priced 45% less than the regular inventory and sell for almost 57% less than homes are selling for overall. The table below covers the basic … (0 comments)
foreclosure: Home Inspection Reports, Material Facts and a Bank's Responsibility to Disclose
- 06/11/10 04:15 AM
Home Inspection Reports, Material Facts and a Bank's Responsibility to Disclose Recently I represented a buyer that had an interest in an bank-owned property. The home was well priced and in a desirable location. There were some problems vaguely disclosed by the listing agent in the MLS reports. When I took the buyer to see the property, one glaring problem was obvious - there was concrete poured into the drains in the sinks and tubs and commodes. Despite this obvious problem the buyer wrote an offer to purchase the property. There was another buyer that also wrote a contract. And, unfortunately … (3 comments)
foreclosure: Pileup in the Court Room - More Lawyers Needed?
- 11/03/09 12:46 AM
There's been a pileup in the court room with foreclosures cases glutting local courtrooms in Anne Arundel County, Maryland according to an article published in The Capital. Staff Writer Elisha Sauers states in a November 1, 2009 article, there aren't enough lawyers to go around for all the struggling homeowners - legal aid lawyers, that is, willing to help struggling homeowners at reduced rates or even pro bono. The article suggests that manditory mediation between lender and borrower might be the solution. And states that Gov. Martin O'Malley introduced legislation last week in Maryland to require mortgage companies to participate in re-negotiations of loan terms before … (1 comments)
foreclosure: Strategies and Solutions for Distressed Homeowners
- 11/10/08 11:39 AM
Do you know anyone who is facing foreclosure? Anyone who is behind on their mortgage? Anyone who has lost their job? Anyone that has not been able to refinance their current mortgage? Today's distressed homeowners need answers and they need an advocate to offer options and help them understand their rights. When homeowners find that their home is worth less than they owe, they often have no idea of what to do. It seems impossible to get answers to critical questions about options and how each option might affect their credit in the short-term and ability to purchase a home in … (0 comments)
foreclosure: Stop Mortgage Defaults and Foreclosures!!!
- 11/03/08 12:04 AM
A reported by Robin Sidel in a November 1st article in The Wall Street Journal online "J.P. Morgan Chase & Co. launched an ambitious plan Friday to modify the terms of $70 billion in mortgages for borrowers who are behind on their payments or soon could be." J.P. Morgage Chase appears to be leading the way in halting the rising tide of foreclosures and homeowner defaults on mortgage payments. I congradulated J.P. Morgage Chase for stepping up to the plate to address the problem headon. … (0 comments)
From the Daily Show Comes "The Forecloser"
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