"We have been writing offforeclosuresthat
are delayed because of HAMP," said Dimon,
referring to the government's Home
Affordable Modification Program,...
The amount of damage to a credit score
caused by foreclosure, deed in lieu or a
short sale during 2008 and 2009 may be
mitigated by the slower economic times, say
some credit and legal experts,...
In my experience many buyers are interested
inshort
salesbecause
of attractive pricing, but they may not know
all of the issues surroundingshort
sales...
Administration officials estimate that the
plan will help as many as four million
people avoid
foreclosure,
at a cost to taxpayers of about $75 billion....
Economy Falling Years Behind Full Speed
The New York Times
As the recession grinds
on, more and more of the nation’s means
of production — its workers, its
factories, its retail outlets, its
freight lines, its bank lending, even
its new inventions — are being
mothballed, ...
Homeowners Come Up Empty in Bailout
The
Washington Independent, DC -
As foreclosures mount, the
bill’s provision calling for more loan
modifications will have only a modest
effect, considering that subprime mortgages
have ...
"Short sales" not easy transactions
Seattle Times, United States -
Short sales are a financial
tactic that appears only in real-estate
downturns. Such sales are supposed to be a
win-win that gets the seller. ...