This video crossed my radar today and left me at least feeling vindicated that what I am seeing in the world of the ongoing ‘mortgage crisis’ and foreclosure melt down is really what is happening, not just to the families and people I know and work with but across the board…
And it’s good to know [...]
In this Feb 2nd piece, Nathan Martin provides all the facts and figures to explain exactly what the real numbers are and what the mathematical plague is that has arleady turned all of us into mathematical Zombies.
Tuesday, February 2, 2010
Zombie Nation – The Rise of the Mathematical Plague…
Zombie.
Dead, yet still walking.
Soul long since [...]
This latest article from CNN Money makes it very clear that the lenders are not letting people off the hook when the house goes to foreclosure OR short sales. Homeowners who have lost their homes since the current mortgage crisis began are now finding themselves the target of collections companies and lenders pursuing deficiencies [...]
Continue reading about Lenders Pursuing Deficiencies Against Homeowners Even Well After Foreclosure
Reading articles on the state of real estate markets, banking, credit and lending is not much fun…
Trying to figure out what is going to happen next in the market? Not easy!
Knowing what game is afoot adn what to expect next? Sometimes seems near to impossible.
But heck, if you’re trying to have a handle on any [...]
15 January 2010
This piece showed up on Jesse’s Cafe’ as well as Mish Shedlock’s blog Friday the 15th of January - and frankly we are thrilled to see that this practice, which we have encountered ourselves MANY times in the process of completing a successful short sale is finally getting some attention. Kudos to [...]
HUD announced on Friday January 15th that they are instituting a 1 year waiver of the 90 day seasoning rule for FHA funding of properies.
Here is the Press Release from the HUD Website:
HUD No. 10-011
Lemar Wooley
(202) 708-0685
FOR RELEASE Friday January 15, 2010
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help [...]
Continue reading about FHA Waiver of 90 Day Seasoning Requirement A/O Feb 1, 2010
Today the Huffington Post came out with a great article to encourage Americans to take action - non partisan, populist action - and put their money into small community banks and get it out of the Too Big To Fail Bailed Out Bully Banks -
Read the article here: Move Your Money - A New Years [...]
Just days after JP Morgan announced it was “returning” five high rise buildings to the lender in San Francisco - in what JP Morgan said was “not a foreclosure or default action” - HUD is telling homeowners they will be locked out of new FHA loans if they pursue a short sale on their underwater [...]
THE JURY IS IN: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever
Wasn’t it fun this past weekend to read and hear the flurry of teaser stories that were all over the news media about how the Obama Administration was going to take some new type of very [...]
