2 Articles match "2008","Boston","Foreclose"

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Another Approach to $700 Billion Bailout
It is way over due for another "Boston Tea Party"!! This would allow the majority foreclosing home owners (the ones in subprime loans)to now afford there house. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
The scammers dontcreate the foreclosure rates, but they swoop in at the time thatsomeone is in distress," said Elizabeth Renuart, a staff attorney withthe National Consumer Law Center in Boston and the author of "DreamsForeclosed: The Rampant Theft of Americans Homes ThroughEquity-Stripping Foreclosure Rescue Scams." That transaction should include…A) Cash wiring instructions to the foreclosing bank (often by Western Union) B) A three-day right of recession, and a share purchase agreement, C) verifiable information of the person purchasing the property, including personal and financial
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
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  • Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
    The scammers dontcreate the foreclosure rates, but they swoop in at the time thatsomeone is in distress," said Elizabeth Renuart, a staff attorney withthe National Consumer Law Center in Boston and the author of "DreamsForeclosed: The Rampant Theft of Americans Homes ThroughEquity-Stripping Foreclosure Rescue Scams." That transaction should include…A) Cash wiring instructions to the foreclosing bank (often by Western Union) B) A three-day right of recession, and a share purchase agreement, C) verifiable information of the person purchasing the property, including personal and financial
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Another Approach to $700 Billion Bailout
    It is way over due for another "Boston Tea Party"!! This would allow the majority foreclosing home owners (the ones in subprime loans)to now afford there house. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE