No-Doc Loans, No-Doc Foreclosures
October 2, 2010
It seems that the same shortcuts banks took in making “no-doc” loans are surfacing today as they are foreclosing them.
It seems that the same shortcuts banks took in making “no-doc” loans are surfacing today as they are foreclosing them.
Fannie Mae provides on its website a Hardship Affidavit for homeowners to use as a part of the HAMP loan modification process. Predictably, the standard
The use of the NPV Test is the most critical part of a loan servicer’s decision to approve or disapprove a borrower’s request for help.
Fannie Mae has created a new term to refer to owners who fail to pay their home loan when – in Fannie’s opinion – they
After the few short months since starting my solo real estate practice, I have met with dozens of folks experiencing the trauma of dealing with
HIVE Houston will not be your ordinary live/work artists’ colony. But if it is ever completed, it will certainly look like a colony – for
(What follows is a hypothetical scenario. It is based upon at least 50 recent interviews with clients involved in distressed housing transactions as well as
Woodstove & Fireplace Insert Certification Law As of August 1, 2010, Oregon law requires all sellers of “residential structures” to remove and destroy uncertified woodstoves
After reading news articles and talking with Realtors and distressed borrowers, it has become more and more apparent that the federal government’s HAMP modification program
Trying to select which distressed housing option you should pursue? Surprisingly, under certain circumstances, permitting the bank to foreclose may be the best option.