Mortgage Debt Cancellation Information
Thursday, March 22nd, 2012 Posted in Inside Real Estate, Short Sales | No Comments »Here’s some interesting, useful information if you are now involved, or have been involved, in a short sale or foreclosure. As always, seek the advice of your tax professional and your attorney. Source: RISMedia.com article
B of A Proposes Foreclosure Rental Program
Monday, December 12th, 2011 Posted in Inside Real Estate, Short Sales | 3 Comments »Bank of America is considering the idea of letting delinquent borrowers lease back their homes after completing a short sale. In essence, the borrower's home would be short-sold to an investor who would agree to lease the borrower's home back to ...
Fixing The Foreclosure Mess: Part IV
Monday, October 24th, 2011 Posted in Inside Real Estate, Short Sales | 7 Comments »A group of 16 U.S. Senators is pressuring the Obama administration to enact new regulations that would allow underwater homeowners to refinance their Fannie Mae/Freddie Mac mortgages. In this morning's news, President Obama has announced he supports those new regulations The proposed ...
B of A Reports $6.2 BILLION Q3 Profit
Friday, October 21st, 2011 Posted in Inside Real Estate, Short Sales | No Comments »Bank of America has reported a third quarter profit of $6.2 BILLION while losing its position as the country’s largest lender (by assets) to J.P. Morgan Chase. The bank completed more than 52,000 loan modifications during the period, down from 69,000 ...
Foreclosure Mess Solutions: Principal Reductions
Wednesday, October 5th, 2011 Posted in Inside Real Estate, Short Sales | 2 Comments »Yeah, I know ~ when you sign a promissory note, you agree to keep your promises and repay what you borrowed. But, today's reality is that some mortgage borrowers can't (or won't) do that. Which leaves the lender facing some unpleasant choices. They ...
