18 Articles match "2009","Foreclose","Help"

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The Government Goes After Loan Officers
For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated by more than 50 percent. “Stated
www.realtytrac.com - Tuesday, February 3, 2009
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Secrets of Pre-Foreclosure Investing
He uses the Internet, scripts, form letters, call sheets, check lists, direct mail campaigns, objection handling techniques and other “systems” that help him locate, track, negotiate, purchase and sell pre-foreclosures. When buying a pre-foreclosure property, you can have a myriad of problems that must be solved quickly before the property’s loan is foreclosed on and sold at public auction.” Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer    One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.
www.realtytrac.com - Tuesday, February 3, 2009
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Can "Appreciation Sharing" Solve The Mortgage Mess?
The just-passed Housing and Economic Recovery Act includes provisions that will help some 400,000 families replace toxic loans with FHA financing. If we tighten mortgage standards so that only those with great credit can buy homes we won’t have enough purchasers to clear the inventory of foreclosed properties now on-hand or to stabilize home prices.” Saccacio explains that “we have to enable purchasers with less-than-perfect credit to buy homes. Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller     We’re about
www.realtytrac.com - Tuesday, February 3, 2009
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