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The short-sale wrinkle - Holders of secondary financing can derail process
08 April 10 03:27 PM

Are you wondering why it takes so long to get short sales approved? The real reasons may be very different from what you might believe. It would seem when prices are down and millions of homeowners owe more than their home is worth that it is in everyone's Read More...

Postedby Dennis London | 0 Comments    

Filed under: Real Estate, Market Conditions, For Sale, Announcements, Finances, Buyer Information, Community Information, Real Estate Investments, Housing Stats, Mortgage, Subprime

Attachment(s):flickr_thetruthabout_3654707133_SHORT_SALE_0.jpg

New Foreclosure Prevention Plan Announced
26 March 10 02:34 PM

President Obama is announcing an expansion of foreclosure-prevent tactics, including a plan to reduce principal balances and special aid for unemployed borrowers. The bulk of the responsibility for carrying out the new program will be assigned to the Read More...

Postedby Dennis London | 0 Comments    

Filed under: Real Estate, Market Conditions, Announcements, Finances, Seller Information, Real Estate Investments, Housing Stats, Mortgage, Subprime

How the Subprime Mortgage Mess Began
03 October 08 01:46 PM

The federal government made the subprime mortgage mess inevitable when it imposed social engineering rules on private mortgage contracts. The long process began with the 1975 Home Mortgage Disclosure Act (HMDA), the 1977 Community Reinvestment Act (CRA) Read More...

Postedby Dennis London | 0 Comments    

Filed under: Real Estate, Market Conditions, Industry, Finances, Buyer Information, Community Information, Real Estate Investments, Housing Stats, Mortgage, Subprime