Banks Repossess US homes at a record pace

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Posted on 19 Jul, 2010 by
Banks Repossess US homes at a record pace
If you were running the US Government, and had the choice on how to resuscitate the Real Estate housing economy, how would you do it?  Would your answer be 1) to have the lenders repossess homes, that will eventually go back on the market at a slashed price in order to sell them fast, or 2) would you force the lenders to take a reasonable offer at or near
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Loan Modification – To Be or Not to Be: That is the question

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Posted on 19 Jul, 2010 by
Loan Modification – To Be or Not to Be: That is the question
Whether ‘tis nobler in the mind to suffer the slings and arrows of outrageous fortune or to take arms against a sea of troubles… We are all aware of the Shakespeare play Hamlet that discusses the internal battles of suffering, but isn’t this exactly what’s happening through the Loan Modification process? Your mortgage lender asks you to submit all this paperwork in order to get the Loan Modification process,
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Exhaust all options prior to foreclosure, or should I just let it go?

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Posted on 19 Jul, 2010 by
Exhaust all options prior to foreclosure, or should I just let it go?
We speak to people every day that have it embedded in their mind to just let their property go to foreclosure.  One of the main reasons for this, is they don’t know the options in order to avoid foreclosure in the first place. The biggest item of consideration with this decision is the impact on credit.  A foreclosure has a very aggressive impact on credit, both immediately, and in
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Definition of Terms – Alternatives to Foreclosure

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Posted on 19 Jul, 2010 by
Definition of Terms – Alternatives to Foreclosure
When it comes to the decision for what path to follow for your alternative to foreclosure, there are many terms that are thrown around, most of which might be very misunderstood.  They all have a different approach, as well as a different result. Strategic Default – This is the decision by a borrower to stop making payments on their debt, even though they have the ability to make the
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