Strategy to stave off foreclosure falls
short
Arizona Republic, AZ
"Short sales are
the best solution out there for the
borrower, the bank and the buyer," said
Randy Kutz of HomeSmart's Phoenix
Heritage Real Estate Group.
...
Mortgage giant Freddie Mac is launching a
nationwide initiative that gives tenants and
former owners offoreclosedproperties
the option to stay in their...
By Renae Merle The number of homeowners
falling behind on their mortgages or already
in
foreclosuresurged
during the fourth quarter, according to
industry...
DETROIT - With the rate of homeforeclosureshitting
the roof, ads are popping up everywhere
promising to help struggling homeowners save
their homes....
State: Lenders liable for hazardous waste in
foreclosures
Bizjournals.com, NC -
“As the home foreclosure crisis
continues to grow, homes left vacant many times
contain hazardous materials,” the department
said in a news release. ...
Once that step has been completed, Russell
said, aforensic
loan auditshould
be performed on all mortgage documents. He
said such a review could uncover...
'Broken big time'
Financial Post, Canada
She and her husband were
pulling in a combined US$180000 a year
in their jobs in real-estate
sales and loans, respectively, much
of it on commission. ...
Over 80% of ARM Loans Have Errors
Originator Times -
“The Forensic Loan
Documentation Review and Loan
Modifications programs have put a big
spotlight on how the average homebuyer was
abused during the mortgage ...
Foreclosure,
lender-mediated sales up in Q3
Bizjournals.com, NC
A lender-mediated sale, also
known as a short sale, is the
result of negotiations between a
financial institution that holds a
mortgage and an in-default ...
Is a Short Sale Right for You?
BusinessWeek
Here are some
blog-reader questions—and experts'
answers By Christopher Palmeri "Short
sales" are a big topic in real
estate these days. ...
Two Meanings of “Short Sales”
The Foothill Weeklies, California
At that point the
property could be listed for sale
with a local real estate agent.
The Mitigation service company could be
paid when the property is sold, ...
Inside Real Estate
Investor's Business Daily (subscription)
Among the several others are
plans to bring loans current and home
short sales to third parties. Workouts
begun in July reached a whopping 77876,
...