Many of my regular readers are having trouble because they are unemployed or suffering otherwise from reduced income. Naturally the lack of jobs can create depression and that can lead to many unpleasant things. I know that you are wondering where your next dollar will come from. What will happen next and how can you [...]
For some time now, I have been listening to people discuss the relative merits of demanding that a mortgage company produce the actual note. When I discussed it with an attorney, I realized the problem. Nobody understands what the real argument is! An attorney specifically said to me that a judge told him that if [...]
I am back again as I promised! I wanted to alert you to an issue that I am very concerned about. I am afraid that the new Republican congress will be so friendly to banks that more homeowners than ever before will lose their homes. Two weeks ago, we in the industry were worried about [...]
Okay real estate fans! I think this is it. I’m finally back writing my blog. I realize it’s been a long time in coming but I finally placed you on my schedule at 9:45 AM every morning. Okay, now it’s 9:58 AM and I spent the last 13 minutes thinking of a good excuse to [...]
The change that caught the news media’s attention was the one that talked about principal write downs on mortgages. The revision simply said mortgage companies would write down the balance of a mortgage for people facing foreclosure in those instances where the balance of the mortgage was far greater than the value of the home. [...]
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