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Bankrate Mortgages- Foreclosure, Beverly Hills styleIt's often said that the rich are different, but maybe not in the way you'd think. They're suffering foreclosures at a faster clip than the rest of the nation, even though more of them can afford to pay their mortgage. Reuters news agency compiled figures from RealtyTrac and found that 180 homes In tony Beverly Hills, […]
- Delinquencies and foreclosures dropThe percentage of delinquent mortgages declined and fewer loans were in foreclosure in the last quarter of 2011, says the Mortgage Bankers Association. About 7.58 percent of outstanding mortgages were past due in the fourth quarter, a decline of 41 basis points on the seasonally adjusted delinquent rate. When compared to the first quarter of 2010, […]
- Builder confidence soarsHome builder confidence in new, single-family homes soared to its highest point in four years, according to the National Association of Home Builder's survey. But it's still well below what's considered positive. The monthly index on builder sentiment rose 4 points to 29, its highest point since 2007. Fifty is the point between positive and ne […]
- A new home for newlywedsDid you know February is National Weddings Month? In honor of this occasion, I thought it would be a good idea to talk about how all that wedding cash can be used for the best gift: a home of your own. The good news is you can use all that money your friends and family shell […]
- Military gets foreclosure dealMembers of the military who were victims of wrongful foreclosures will receive substantial compensation from their mortgage servicers. The U.S. Department of Justice has reached an agreement with four large lenders -- JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial -- to provide "any service member who was a victim of a wrongful foreclosure a […]
- Foreclosure, Beverly Hills style
Tag Archives: loan modification assistance
Which Buyer’s Offer Should I Accept?
The Stop Foreclosure Institute recently received a question from Beckie. Here was her question. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. “I need your help. I am trying to short sale my … Continue reading
Why Persistence Is So Important In Success At Short Sales
In a recent blog posts, I discussed how banks throw out a short sale file if it is rejected. When an offer comes in on a short sale, it takes 30-60 days for a person at the bank to look … Continue reading
Some of the Stupid Things Banks Do On Short Sales
I have something shocking to tell you. Bankers are not as smart as you or I think they are. You know the “perfect banker” that we meet in public. The person has never missed a payment, never been late, and … Continue reading
Will Banks Issue an Extension on a Short Sale Approval Letter?
1 CA – Under normal circumstances, banks are not required to extend the closing of a short sale. The last thing a buyer would want to hear is that their mortgage lender can’t perform especially after waiting for a number … Continue reading