6 results for 'foreclosure'
The wave of foreclosures that was once projected to peak in 2009 and then in 2010 just keeps coming: wishful projections aside, there’s no clear end in sight. And since any guess as to when the market will stabilize is just that—a guess—opinions as to whether or not this is a good time to buy real estate vary. But that’s because most analysts are looking at the wrong factors. The real question for anyone considering buying real estate today isn’t whether prices will continue to fall, rise again or stay stable. The real question for a home buyer today is “When the dust settles, will I actually... (more)
...No calls today.
Submit some more Resume updated here and there.
Wait some more Sadness, even self doubt.
Hopeless and helpless Bills coming due. Funds are running low.
Pay a little here Pay a little there.
Not enough for all, Some fall behind.
Foreclosure notice today. Eviction notice tomorrow.
Lets begin again What will happen Where will we go
Cry a lot today. Cry some more tonight.
Pray more now Pray more often.
Found a new place But it is still a home
Oh, thank goodness. A new job, any job. And new hope ... (more)
As I established in my last post “Understanding the Foreclosure Process” every state follows a different procedure and set of laws during the foreclosure process. The two primary routes are judicial and non-judicial foreclosure and which process is followed can often be determined by which “theory” of ownership has been established in the state.
California is a lien theory state that uses a trust deed and underlying promissory note to secure the loans made against real estate. Essentially the promissory note is an unsecured “promise to pay” agreement between a borrower... (more)
...for Bloomberg News, Dan Levy quotes Morgan Stanley spokeswoman Alyson Barnes describing an "orderly transfer" of five San Francisco office buildings the bank purchased at the height of the market; they paid $6.7 billion in 2007. Ms. Barnes goes on to explain "This isn't a default or foreclosure situation," rather she suggests "We are going to give them the properties to get out of the loan obligation." Doesn't that sound just like a strategic default? This bank practice of cutting losses and maximizing returns is not limited to commercial investments. In a recent short sale I... (more)
...requires us to pay back the money over time to the bank. Most borrowers loosely refer to that debt as a “mortgage.” When our most recent market bubble burst many Americans, unfortunately, became intimately familiar with what happens when they don’t make their mortgage payments - Foreclosure.
The Foreclosure process is different depending on the state in which you reside and the two different foreclosure processes have very different impacts and time lines. For instance, when JP Morgan Chase and GMAC Rescap announced they would be halting foreclosures, the decision... (more)
...increasingly being accused and * proven of pandering, Unclean Hands and being a threat to American economic interests and security. President GW Bush and President B. Obama and millions others are rightfully still blaming lenders for the American recession. Unreasonable lender insistence on foreclosure is driving the American economy further into recession. That is an increasingly contemptible tactic as it pushes us nearer to global depression. Home value continue to go down because of lender initiated foreclosures.
OPINION: our opinion is part of our guaranteed Free Speech: What... (more)
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