Short Sale up 27% in 2nd Quarter…Loan Mods Increase 24%
In this brief from the FHFA or Federal Housing Finance Agency released today... Foreclosure starts increased by 12% to nearly 275,100 Completed Foreclosures increased 15% to 112 Decrease in Loan Mod Failures i.e. going 60 days late after loan mod granted...less than...
Ricky Martin’s Golden Beach, Florida Home Listed for $18.9 Million
If you want to live la vida loca (“Livin’ the crazy life”), you can slip right into it, easily, if you buy singer Ricky Martin’s sweet Golden Beach, FL home because it’s back on the market for $18.9 million. Martin purchased this 9,882 sq ft Mediterranean-style estate...
Short Sales…Thoughts on Foreclosure Roulette…Failing Loan Modifications…Our Housing Market In Crisis
I think we are getting a glimpse of things to come...new buzz word for sure! Foreclosure Roulette. This article was front page of Huffington Post earlier today. Bea Garwood has been bracing for foreclosure since May, but she says she's been told three times to expect...
Series On Strategic Short Sales, Bank Of America's Matt Vernon Speaks Out..Businesses Do Strategic Short Sales…What Makes Homeowners Different?
This is fantastic news from Jack Schakett, Bank of America Senior Vice President for credit loss and mitigation strategies. A huge stumbling block for a homeowner doing a Short Sale is the fact that their lender may pursue a deficiency judgement. The government has...
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