While our main focus on this Blog has been on people facing foreclosures on loans on single family homes, condos and town houses, this financial crisis has also hit commercial properties as well. On a daily basis I am sure that you pass by apartment complexes. office buildings and strip plazas. Most of these have [...]
Have you realized that while mortgage companies have been slow in helping people facing foreclosure to save their homes, more and more states, courts and local organizations have taken action to get the mortgage companies to respond? The latest state to do so is Oregon. On Monday, September 28, a new law went into effect [...]
I don’t know if you have heard of it. It does not happen frequently. If you are facing foreclosure, this is something that you need to be aware of it. What am I talking about? A Bank Walk Away What is a Bank Walk Away? It is where right in the middle of the foreclosure [...]
Most people have never heard of this. Those who have really have no concept of what it is. Yet it’s in the Making Home Affordable Modification Program. It is one of the tests to determine if the person facing foreclosure qualifies for a trial loan modification. What is it? The Net Present Value Test This [...]
I continue to be amazed at the stories I hear about the work Wells Fargo has been doing on loan modifications. This one really angered me. It was in an article in the New York Times at the beginning of September. In a post on this blog several weeks ago I reported on the trial [...]
