2 Articles match "Avoid","Maine","Removal"

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Secrets of Pre-Foreclosure Investing
3648) removes the tax burden on mortgage indebtedness, encourages loan restructuring between lenders and homeowners, and discourages foreclosures. Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. First, a homeowner facing foreclosure may be motivated and willing to do almost anything to avoid losing property to the bank. 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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Wachovia Changes The Lending Game
This new prepayment policy, said Laurent Bossard, WMC’s chief executive officer, “provides borrowers with enhanced flexibility to avoid prepayment fees.” “Just as in the case with WMC, the Wachovia initiative will change the mortgage debate in Washington,” added RealtyTrac’s Saccacio. “Efforts Yes, the company is giving up potential penalty income but the bigger issue is this: It’s better and cheaper for Wachovia to have loans refinanced and removed from its books than to have loans fail. Wachovia Changes The Lending Game By Peter G. Miller  
www.realtytrac.com - Tuesday, February 3, 2009
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  • Wachovia Changes The Lending Game
    This new prepayment policy, said Laurent Bossard, WMC’s chief executive officer, “provides borrowers with enhanced flexibility to avoid prepayment fees.” “Just as in the case with WMC, the Wachovia initiative will change the mortgage debate in Washington,” added RealtyTrac’s Saccacio. “Efforts Yes, the company is giving up potential penalty income but the bigger issue is this: It’s better and cheaper for Wachovia to have loans refinanced and removed from its books than to have loans fail. Wachovia Changes The Lending Game By Peter G. Miller  
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Secrets of Pre-Foreclosure Investing
    3648) removes the tax burden on mortgage indebtedness, encourages loan restructuring between lenders and homeowners, and discourages foreclosures. Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. First, a homeowner facing foreclosure may be motivated and willing to do almost anything to avoid losing property to the bank. 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
    READ MORE