Many homeowners are finding themselves in dire straights. More specifically they are finding themselves having to choose between foreclosure or short sale. So which is the right choice for distressed homeowners in today’s market?
Tag: Obama
Foreclosure: the F word
Hold on! It’s not what you think! While it may carry the same stigma and shock as it’s four letter cousin, the F word I am referring to is Foreclosure.
Examined: The Settlement of Our Government’s Law Suit Against The Big Banks
Just announced last Thursday was the settlement of the case against the big banks, and the results are disappointing to say the least!
2012 Presidential Candidate’s Homes
As all the contenders gear up their war-machine like campaigns, let’s find out who’s living large!
Examined: California’s Housing Data for the Month of September
What Does September’s Housing Data Really Mean to Our Industry?
Freddie Mac CEO Resigns, What’s Next?
Charles “Ed” Haldeman Jr. Steps Down! Freddie Mac’s Chief Executive Officer, Charles “Ed” Haldeman Jr., will be stepping down from his position by the end of the year. This unforseen, and frankly shocking, turn of events has led to much speculation regarding why he is stepping down. While the specifics aren’t yet known, and Mr. […]
What is Obama’s HARP? (Home Affordable Refinance Program)
Is the HARP Program going to be the savior that it is meant to be for the housing market or is it just delaying the inevitable?
President has a new neighbor
There was a new listing on the market by 36 year owners Bill and Jacky Grimsaw, the Presidents former neighbors.
Many Will Benefit from the New Mortgage Modification Programs
The Obama administration’s announcement late last month that it will revamp its foreclosure prevention efforts by adding loan write-downs to banks’ tool-kits has generated considerable optimism that more loan modifications will stick. But a handful of analysts are tempering that optimism by pointing out that many of these programs face some of the same obstacles […]
More Pressure on Four Major U.S. Banks
Chief executives of Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. received a letter from Rep. Barney Frank, chairman of the House Financial Services Committee. This letter was requesting more action from these lenders be done to assist homeowners in who owed way more on their mortgages […]