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 [...]
In my post on April 1, I talked about the changes to the Making Home Affordable Program the Obama Administration announced on March 26. Principal Write-Downs on Mortgages 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 [...]
Let’s say that you have been renting a home for the last 3 years. You have always paid your rent on time. Today you come home and get your mail. In it there is a letter from a mortgage company. You open it and it says This letter constitutes formal and final demand that you [...]
Be careful. Bank of America May Try to Take Your Home even if they don’t have the mortgage on it. Ridiculous you say. There’s no way that can happen. You are absolutely right. It shouldn’t but Bank of America has tried. The Case of the Couple and Their Florida Retirement Home In February I read [...]
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