There has been a lot of finger-pointing lately about the effectiveness or lack thereof of loan modifications in reducing the number of foreclosures in our troubled housing market. Why aren't loan modifications helping distressed homeowners? Here are my thoughts... … [Read more...] about Why Loan Modifications Aren’t Working
I recently attended a short sale round table where a loss mitigation manager from a local bank discussed his views on short sales. It was interesting to hear from the bank's point of view. What I found very interesting was the LM manager's attitude. Although he is empathetic to those who have a true hardship, his primary … [Read more...] about Short Sales from the Bank’s Point-of-View
A few months ago, with my reserve funds depleted and a tough real estate market ahead, my financial situation was becoming dire. With tough times ahead, I took a hard look at my financial situation and started to prioritize. Sounds logical doesn't it? Actually, there have been a lot of tears and much lost sleep as I waded … [Read more...] about My Do-It-Yourself Loan Modification – Yeah, They Work!
I am a very CALM person, but these scammers really make me MAD! In these tough ecomnomic times, with so many people struggling, it seems particularly cruel to rip off families who are in danger of losing their homes. There are a lot of resources available to help distressed property owners with loan modifications, and options … [Read more...] about Watch Out for the Latest Real Estate Scams