Even as the economic conditions appear to be stabilizing,the rate of borrowers defaulting on their mortgages goes unchanged. These unprecedented times have resulted in a diverse group of people working together to devise solutions. One of the main obstacles to dealing with homeowners facing foreclosure has been a lack of standard process and [...]
Posts under ‘REO’
Short Sales – a growing trend in Real Estate
Real Estate Trends – The Short Sale
The Short Sale is a relatively new phenomenon that we have dealing with over the past two years, The Short Sale t is occurring as borrowers find themselves owing more than their property is worth in today’s market and for many different reasons are attempting [...]
Foreclosure; my view of the solution
In order to resolve the foreclosure crisis in this country, we need to spend less time addressing the symptoms and more time understanding and addressing the root causes. The primary symptom that is being addressed is the amount of non-performing assets on the books of banks and investors: you know, the so-called toxic [...]