HAMP Massive Flop According to Treasury…Even More Short Sales Coming
Breaking news from the Treasury.... Obama's HAMP is a Flop! Over 800.000 homeowners "booted" from the Home Affordable Modification Program. Where do these homeowners turn? Short sales or foreclosures...that's the option. Here's the article from Arthur Delaney via...
Cash is King in California…Cash Buyers for February Represent almost 31% of Home Sales
Is this a sign of the times? Are Short Sales on the rise as we predicted? We have witnessed a high influx of cash offers in our own business and solicitations from cash investors over the past year...why? The power of cash in a market with...
This Could Be the End of Banks as We Know It…We Called This
Just weeks after a New York Judge called the foreclosure actions of MERS "illegal"...it's headlines today that the mortgage industry including banks and loan servicers of mortgages are gonna be slammed with lawsuits from every attorney willing to represent a U.S....
NAR Release: Homeowners in Default…Stay in Home and Average of 19 Months without Payments…Still More Short Sales Coming
What is a short sale? This release from NAR just today... Banks and mortgage servicers are taking more time to foreclose on defaulting home owners--a process that can take up to 2 years now, USA Today reports. A backlog in foreclosures has occurred within a number of...
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