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Key Features of the New Housing Rescue Plan
Written on 29 Mar, 2010 at 11:06 in Blog | viewed 555 views times and users have made 0 comments so far
The government’s newest housing rescue effort, which was announced Friday, includes these key tenets: · As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans... (Continue reading)
Bank of America to Reduce Mortgage Balances
Written on 24 Mar, 2010 at 18:46 in Blog | viewed 990 views times and users have made 0 comments so far
Bank of America said on Wednesday that it would begin forgiving some mortgage debt in an effort to keep distressed borrowers from losing their homes. The program, while limited in scope and available by invitation only, signals a significant shift... (Continue reading)
Will Rewarding Borrowers Prevent Defaults?
Written on 10 Feb, 2010 at 8:41 in Blog | viewed 429 views times and users have made 0 comments so far
Will paying underwater borrowers to keep meeting their mortgage obligations prevent them from walking away? Loan Value Group LLC says it is working with a major mortgage lender to test this theory. Here’s the plan. The mortgage investor offers a... (Continue reading)
Don’t be among victims of foreclosure-prevention scams
Written on 8 Sep, 2009 at 19:38 in News | viewed 309 views times and users have made 0 comments so far
WASHINGTON – How’s this for a business plan to make money during the housing bust? You buy or rent lists of recent default filings from across the country – thousands of people who have been notified by lenders that if... (Continue reading)
REAL ESTATE STABILIZATION
Written on 13 May, 2009 at 17:17 in News | viewed 2,604 views times and users have made 0 comments so far
Price Stabilization Is First Step to Recovery Home prices must stabilize before the broader economy can turn around, a panel of housing and economic experts said yesterday at a real estate summit hosted by the NATIONAL ASSOCIATION OF REALTORS® as... (Continue reading)
Learn How to Fight Back Against Your Lender and Save Your Home
Written on 23 Apr, 2009 at 19:38 in Loan Modifications | viewed 1,282 views times and users have made 0 comments so far
Loan Modification & Loss Mitigation Strategies A loan workout or loan modification is an agreement that is negotiated with your current lender that changes the terms of your current loan. Lenders are willing to negotiate when borrowers are facing financial... (Continue reading)
San Diego Short Sales Dying
Written on 17 Feb, 2009 at 17:09 in Short Sales | viewed 357 views times and users have made 0 comments so far
Having been in the business for nearly 4 years now we have been akin to the trends of the short sale market in San Diego. San Diego Short sales have dominated in markets such as Chula Vista, La Mesa, Spring... (Continue reading)
Fannie Mae In Trouble
Written on 17 Feb, 2009 at 13:30 in Videos | viewed 396 views times and users have made 0 comments so far
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