Due to my extensive lending background, I have received numerous phone calls from homeowners who are delinquent on their mortgage payments asking for advice. As a result of these calls I have learned the unfortunate truth that many homeowners wait too long to determine their options, the end result being an unwanted short-sale or foreclosure.
The first thing you should review is the underlyi
Chalk up another reason that a disorderly reduction in home prices and sales isn't the best thing for the housing market, as many angry renters (and bloggers) would believe. There's a story in the Wall Street Journal about what happens to condo (and master-planned) communities running deficits because of delinquent HOA fees (I saw a similar story last weekend on CNN which featured an existing res
In California, the number of severely delinquent mortgage accounts increased 35 percent
IRVINE, Calif., April 30 /PRNewswire-FirstCall/ — Many U.S. homeowners
continue to weather the current credit crunch and real estate market
conditions, as the number of severely delinquent mortgage accounts
increased 15 percent in one year, according to a National Score Index(R)
study conducted by [...]
Lenders Swamped by Delinquent Mortgages by Washington Post - snip:Seven out of 10 troubled mortgage borrowers remain without a plan to work out their loans despite increased industry efforts to help them, according to a new report from a coalition of state attorneys general and banking regulators. The group collected data from 13 of the largest subprime lenders from October through January and found that the lenders are overwhelmed by their workloads and unable to keep pace with the number of borrowers who are falling behind on payments...Ambac gets crushed, another bank wobbles by Financial Ninja - snips:Remember those monoline insurers that used to move the market by a couple hundred points in either direction? The ones that everybody seems to have forgotten about? Well, Ambac (ABK) jus
Many prospective factoring clients who have had to deal with severe cash flow issues think that if the IRS has slapped a tax lien on them, they are shut out of this type of receivables financing. The truth is that the reputable factoring companies I represent have extensive experience in working with the IRS. [...]
Doggers, ALL of my labby senses were tingling this morning when I was out doing my business cause once again 'the squirrel' (see my March 18th post) was up, and I do mean up to NO GOOD!Now I know Spring is here sort of, and everyone is talkin about 'the buds', but I don't think they meant the kind of 'buds' 'the squirrel' was smokin. And of course there's no talkin to the guy and trying to get him to straighten out cause all you ever get back is 'dude relax don't stress, dude you're bringin me down', what ever that means, I'll bring him down alright.So I telling all you doggers out there, especially the puppers.... don't be lettin any slim shadey characters at the dog park trade you biscuits for skunky, squirrely 'bud'. Let your human know if ANYONE approaches you cause you sure don't want
This is when the homeowner (borrower) has failed to make their monthly mortgage payments to the loan holder/lender (borrowee) that has been written in the loan document. If the homeowner can’t make its payments within the time limits that have been stated, the lender, they will start the foreclosure process.
This is something that has been [...]
Unease Erodes Ambition in NY Real Estate by NY Sun - snip:After years of sustained growth marked by grandiose, ambitious plans for the city, the real estate development industry is displaying troubling symptoms. The number of citywide building permits is expected to drop, public and private funding for projects is drying up, and a stream of multibillion-dollar plans is coming in over budget and behind schedule, with many designs being scaled back or scrapped altogether. "There are very disquieting signs that have ominous implications for the next few years," the president of the New York Building Congress, Richard Anderson, said....US Mortgage Market Needs $1 Trillion by MarketWatch - snip:Why are interest rates on 30-year fixed-rate mortgages rising even as the Federal Reserve slashes int
Yes, your favorite crabby internet girl...Sudiegirl...has been MIA the past few days.You should be concerned, you know.Why?For one thing, I...VOLUNTARILY, mind you...watched GOLF.I like a good sporting match, like anyone else. I've watched some good ball games in my time. I did my time in pep band (high school) and watched some exciting sports events.But GOLF? The only golf I've even ATTEMPTED to play is miniature. If it doesn't have windmills and alligators grabbing at the golf balls, I'm usually lost.However, my new musical collaborator (whom I am dubbing "Skippy") advised me that if we rehearsed on Easter Sunday, The Masters tournament would be an integral part of the day. I advised him if that was the case, he'd better supply some beer because that was the only way he'd get me to sit still for it. (Better living through liquid grain in a can, I always say...)I figured, "Hey, it'll be boring, Tiger Woods or the other guy will win, and I'll be off the hook emotionally..
My sweet little Drew has crossed the line and is now officially a delinquent in my book, and apparently in the school system's book too. This afternoon, I received a very official looking letter from the school district. I opened it up and was informed that my 1st grade son...
All this time, we've put liquids and gels into bags, taken off our shoes, had strangers ask us personal, irrelevant questions, had our bags searched in front of countless people we don't know, and as ...
All this time, we've put liquids and gels into bags, taken off our shoes, had strangers ask us personal, irrelevant questions, had our bags searched in front of countless people we don't know, and as ...
