Diana Olick’s latest column puts “principal writedown” in perspective: “The government is officially giving borrowers back home equity.
Yep, somewhere between $35 and $50 billion worth. Of course we’ve all lost over $5 trillion, but who’s counting? Lenders still aren’t required to do it, but they’re going to get an awful lot of taxpayer-funded incentives to do it€¦Let’s face it, the underwater issue (that is borrowers owing more on their loans than their homes are worth) is now far bigger than the subprime issue and the unemployment issue. Yes, it’s concentrated heavily in five states, but it still manages to plague home prices nationwide. People are walking away in greater numbers than ever before, and people who want to stay are unable to get into modification programs because of their overwhelming negative equity.
Loan modifications and principal reductions (writedowns)
raining on judgments, liens and options, Outsourcing loan modifications to attorneys, buying defaulted mortgages from the bank, social media marketing.
More info… RISMEDIA, October 31, 2009Getting your clients to understand that real estate is local was one of the more difficult lessons that real estate professionalshave had to preach during the recent housing downturn. As the media continually painted a negative picture… New Home Sales Fall in September for First Time in 6 Months RISMEDIA, October 29, 2009After five consecutive months of increases, sales of [...]
More info… RISMEDIA, October 29, 2009Feeling good about a home and a neighborhood is part and parcel of making the decision to buy, so staging a home should involve more than just raising the charm factor. Look for ways to also make… Real Estate Is Local So Is Leadership RISMEDIA, October 31, 2009Getting your clients to understand that real estate is local was one of [...]
More info… RISMEDIA, October 31, 2009Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measuresto improve housing and the housing market for Americans: extension of the First-Time Homebuyer Tax Credit for a limited period, extension… judgement recovery
By wmhaven31 com31 The homeowners may require taking mortgage loans. The mortgage agencies get the mortgage leads from the online lead generation companies. However not all of the leads are equally effective. While some companies prefer real time leads these have the negative sides too. Buying leads randomly is n…. The best solution for mortgage leads .By wmhaven31 com31 The homeowners may require taking mortgage [...]
More info…RISMEDIA, October 29, 2009Three RE/MAX franchises have been recognized among the Top Ten in the nation in quality service and customer satisfaction, according to Quality Service Certification, Inc. (QSC), and Leading Research Corporation. RE/MAX Properties of Colorado Springs, CO, RE/MAX All Stars in Corona, CA and RE/MAX Creative Realty in … Want a Cash Machine for Your Real Estate Business? Build a Buyers List [...]
More info… RISMEDIA, October 27, 2009Agents involved in foreclosures and short sales may need to begin to disclose the possibility of serious property transfer defects associated with these types of lender controlled sales. If recent court decisions are any indication, we could be… Virtual Culture Vs. Brick and Mortar the Changing Technology Landscape RISMEDIA, October 27, 2009Its amazing how much can change in just two [...]
More info… RISMEDIA, October 26, 2009As a 2009 recipient of Quality Service Certification Inc.s Qe Award for outstanding customer service, Prudential Palms Realtycontinues to prove and reinforce its commitment to both consumers and its growing team of sales associates. Serving the greater Sarasota,… Builders Urge Congress to Renew Home Buyer Tax Credit to Create Jobs, Boost Economy RISMEDIA, October 26, 2009In order to create hundreds [...]
