Foreclosure Flaws May Slow Home Price Fall, Delay Recovery

Day: September 28, 2010

Foreclosure Flaws May Slow Home Price Fall, Delay Recovery

Foreclosure Flaws May Slow Home Price Fall, Delay Recovery

I’ve been buying short sales since 2003… when organizations like the NAR and guys like Greenspan disputed any notion of a housing bubble.  It’s now seven years later, and what jumped out of me in this article was the quote of a consultant who accurately states that banks are unprepared for the large volume of…  Continue Reading

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Walking away with less

Walking away with less

Here’s a good story I picked up in the Sunday Washington Post that reports that many homeowners facing foreclosure are turning to short sales as a way out. The problem… the lack of response from the banks. What the story fails to address is that many of these homeowners are working with Realtors who are…  Continue Reading

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Freddie CEO: Mortgage forbearance is preferable to foreclosure

Freddie CEO: Mortgage forbearance is preferable to foreclosure

CEO Charles E. Haldeman Jr. said that foreclosure is the least attractive option from a secondary markets perspective and considers forbearance a viable option to keeping seriously delinquent borrowers in their homes. A full transcript of that conversation is in the October issue of HousingWire magazine. Haldeman said that forbearance, as an option in loss…  Continue Reading

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