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Blog Details for "Digging Banks and Homeowners Out of the Foreclosur"
Digging Banks and Homeowners Out of the ForeclosurDigging Banks and Homeowners Out of the ForeclosurDown and dirty news, commentary, and more about the recent foreclosure tidal wave. 
Articles
Short Sales Require Caution - Are Short Sales The Right Choice?
2008-05-28 23:00:00 The newest “buzzword” in real estate these days is Short Sale. A short sale occurs when a lender agrees to accept less than the full loan balance from a borrower, in exchange for the sale of a home that is behind on payments and heading for foreclosure. Why Do Lenders Accept Short ... More About: Sales , Foreclosure , Choice
Economic ?Tsunami? Just Starting - 5 Years Ago? 5 Years From Now?
2008-05-14 22:51:00 Five years ago I wasn’t a very popular guy. A lot of folks didn’t want to talk to me about my thoughts on the coming real estate market. My forecast of this massive mortgage meltdown fell on deaf ears. I tried to warn anyone that would listen to me. Most didn’t. As a mortgage banking ... More About: Real Estate Market , Tsunami , Mortgage , Years , Economic
Lifecycle of a Distressed Property - From Default To REO Sale
2008-05-06 00:28:00 “Distressed property” is by definition a piece of real estate that is under duress or is in some way becomes a nonperforming asset. There is a timeline and reference point that is indicative to how much stress a piece of property has. This article addresses this concept of when payments are missed and property owners head down ... More About: Property , Sale , Foreclosure
Bulk REO Properties - Setting the Record Straight For Investors?
2008-04-09 20:53:00 Let’s talk about the 1 B ($1 billion), the 250 M ($250 million), or the 1,200 REO property deals that eager investors seem to be chasing. We receive daily inquiries from folks searching for, as one put it, “The Elusive Holy Grail“. From their comments and other blogs on the internet, these types of deals appear ... More About: Foreclosure , Record , Investors , Straight , Properties
REO Properties - A Time To Buy? Here?s How
2008-03-17 19:17:00 A SEASON for ROTATION As all seasons and conditions occasionally call for change and rotations, so is true of the stock, bond and real estate markets. Since markets move in cycles, the prudent investor is always searching for the next sector to go into for a profit. Now is a wise time for the savvy to make ... More About: Real Estate Market , Time , Properties
Banking on Denial: Can Banks Turn This Foreclosure Crisis Around?
2008-02-04 20:24:00 The Banking industry, specifically the mortgage lenders, are on the verge of a massive wave of foreclosures dwarfing anything like it in the past 75 years. But, banks seem to be blind to the fact that they cannot deal with this as they have in the past. The numbers are so big that most lenders probably hope ... More About: Financing , Banks , Foreclosure , Mortgage
Banks Need to Pony Up? This Foreclosure Crisis isn?t a Bed of Roses?
2008-01-29 08:44:00 We, as a people, have become desensitized by the lack of trust that is demonstrated in many segments of our society. The government questions the longevity of social security, a trusted legacy for many generations; many pension funds have disappeared, leaving millions without suitable retirement; and now, many banks are having to take away the consumer?s ... More About: Roses , Banks , Foreclosure , Mortgage , Crisis
Workout Specialist - What?s In A Name?
2008-01-18 00:28:00 With the tsunami of foreclosures closing in on lending institutions, there is a growing need for workout specialists. The need is so apparent that in some parts of the country, workout specialists have coined their own title as elite members of ?The Mod Squad?. These individuals have a singular purpose: Their objective is to minimize bank losses. ... More About: Workout , Foreclosure , Mortgage
Real Estate Values Dropping, A Readjustment of our Values
2008-01-16 23:48:00 With Real Estate Values Dropping, A Readjustment of our Values. Reluctantly… I attribute our current downturn in real estate values and the surge of foreclosures to short-sightedness and a pinch of ?greediness?. Overly zealous developers, catching the wave, continued to develop without consideration to future demand. Municipalities approved subdivisions after subdivisions because it was good for the tax base, ... More About: Real Estate , Foreclosure
Bank of America Buys Countrywide. What This Means To Borrowers?
2008-01-16 20:48:00 I’m sure you’ve read the recent news about Bank of America purchasing Countrywide (America’s largest home lender) for about $4 billion earlier this month. This is a huge deal in the mortgage world… but what will this mean to borrowers who are having a tough time making their Countrywide mortgage payments? What you will likely see is ... More About: Real Estate Market , Foreclosure , Mortgage , Bank of America
U.S. Bank Buys Countrywide - What this means to borrowers?
2008-01-14 21:51:00 I’m sure you’ve read the recent news about U.S. Bank purchasing Countrywide (America’s largest home lender) for about $4 billion earlier this month. This is a huge deal in the mortgage world… but what will this mean to borrowers who are having a tough time making their Countrywide mortgage payments? What you will likely see is a ... More About: Real Estate Market , Foreclosure , Mortgage
Creative Financing Ideas - No More Easy Mortgage Loans
2007-12-19 18:50:00 TULLY’S REAL ESTATE AND MORTGAGE NEWS: Looking For a Mortgage?? If you are in the market to buy a new home or refinance your existing mortgage, you had better be extremely qualified or not really in need of one. The reason that I say this, is that the easy credit that fuelled the housing boom of the last ... More About: Ideas , Creative , Real Estate Market , Financing , Loans
Creative Financing Ideas - No More Easy Mortgage Loans
2007-12-19 18:50:00 TULLY’S REAL ESTATE AND MORTGAGE NEWS: Looking For a Mortgage?? If you are in the market to buy a new home or refinance your existing mortgage, you had better be extremely qualified or not really in need of one. The reason that I say this, is that the easy credit that fuelled the housing boom of the last ... More About: Ideas , Creative , Real Estate Market , Financing , Loans
Current Inflation Rate - 2007 Out of Sight!
2007-12-16 19:06:00 TULLY’S  NEWS:  Current Inflation Rate 2007  Inflation’s Out of Sight !!   Today, the federal government released its figures for wholesale inflation. It showed the largest monthly increase in 34 years. The actual rate was 3.2% for the month. If you were to annualize that, it would put inflation running at over 38% for a year.  (OUCH!!!) The good news is that one month does not a year make, thus our annual rate of inflation is probably alot lower than the 38% number. What the number does tell us, though, is that inflation is starting to come back into play in our economy. The implications are far reaching from rising prices for the goods and services that we buy to the ability of the Federal Reserve to lower interest rates.  As was written yesterday, the Federal Reserve is embarking on a campaign to reinflate the US economy. Today’s number could put a cramp into the Fed’s game plan. As inflation rises, investors t... More About: Out Of Sight
Current Inflation Rate - 2007 Out of Sight!
2007-12-16 19:06:00 TULLY’S NEWS: Current Inflation Rate 2007 Inflation’s Out of Sight !! Today, the federal government released its figures for wholesale inflation. It showed the largest monthly increase in 34 years. The actual rate was 3.2% for the month. If you were to annualize that, it would put inflation running at over 38% for a year. (OUCH!!!) The good news is that one ... More About: Real Estate Market , Out Of Sight
Exiting a Down-turning Real Estate Market, Deferring the Tax or Leaving a L
2007-12-14 02:37:00 Here we go again. What goes up, must come down. The roller coaster ride is not over. With the downward turning real estate market ahead of us, the million dollar question is how do I sell my property with falling real estate values? Falling from what? Are we talking about falling from a reasonable return on your real estate ... More About: Estate , Real Estate , Real Estate Market , Market , Real
Exiting a Down-turning Real Estate Market, Deferring the Tax or Leaving a L
2007-12-14 02:37:00 Here we go again. What goes up, must come down. The roller coaster ride is not over. With the downward turning real estate market ahead of us, the million dollar question is how do I sell my property with falling real estate values? Falling from what? Are we talking about falling from a reasonable return on your real estate ... More About: Estate , Real Estate , Real Estate Market , Market , Real |
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