Original Article Foreclosure Procrastination The article is pretty clear that the decrease in foreclosures is not due to an improvement in the market but "Blatant" actions by the servicers to delay … [Read more...]
Mortgage Modification Hammers Credit
August 15, 2010 by 6 Comments
Original Article Here I am face to face with 3 to 5 homeowners a day with difficulty in paying their mortgage. Whether it is current budget, pending or post layoff, pay cuts or just waking up to … [Read more...]
Double Dip Ahead?
August 12, 2010 by Leave a Comment
By Kate Berry and Sara Lepro Double Dip Ahead? The Home Affordable Modification Program has succeeded in limiting the supply of distressed properties to hit the market and, as a result, has helped … [Read more...]
Is Equity Sharing A Solution To The Nation’s Strategic Defaulters?
July 27, 2010 by 2 Comments
I was recently interviewed by Austin Kilgore for Housing Wire Magazine on the topic of Equity Sharing as part of the solution to loan modifications and strategic defaults. You can review the original … [Read more...]
Taxpayer-Owned Fannie Mae Attacks Struggling Homeowners
June 24, 2010 by Leave a Comment
Original Article: http://www.huffingtonpost.com/2010/06/23/fannie-mae-strategic-default_n_623562.html On the topic of Fannie pursuing deficiency judgments on strategic defaulters. The article … [Read more...]
Top 10 Most Dangerous Short Sale Myths
June 7, 2010 by Leave a Comment
Due to the recent increase in deficiency lawsuits filed by lenders against borrowers after a completed short sale, we have decided to write this article to help dispel some of the misconceptions … [Read more...]
What Is The Paper Prison?
June 3, 2010 by Leave a Comment
What is the paper prison? Well the paper prison is the emotional situation that paralyzes most homeowners from making good sound financial decisions on their home. What is the lock on that … [Read more...]
May House Prices Show Highest Increase Since 2006
June 3, 2010 by Leave a Comment
http://www.housingwire.com/2010/06/02/may-house-prices-show-highest-increase-since-2006 With every release of data someone tries to hang a silver lining on it. It is not that I don't want the market … [Read more...]
BofA Begins Principal Reduction on Delinquent, Underwater Mortgages
June 2, 2010 by Leave a Comment
Link to original article My comments are in red. Bank of America (BAC: 15.89 +2.98%) is starting to forgive principal when modifying underwater mortgages eligible for the National Homeownership … [Read more...]
Bank of America Extending Mortgage Modification Outreach
June 2, 2010 by Leave a Comment
BofA opening outreach centers in NV and FL. Way to go BofA over 200,000 foreclosures later in NV. This is the most ridiculous press release I have ever read. Servicers in general couldn't find their … [Read more...]
