3 Articles match "Book","Company","Foreclose"

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Secrets of Pre-Foreclosure Investing
real estate training company. “The Moreover, pre-foreclosure investors need to investigate hidden liens, unpaid federal and local taxes and other undisclosed title problems. “If you miss a lien or a second mortgage, you might acquire a property over-encumbered and in debt,” warned McManus, the book author and pre-foreclosure trainer. “You’re 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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New York Versus Freddie Mac: Round One
At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. What makes the New York law different is that it effectively sets aside New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
www.realtytrac.com - Tuesday, February 3, 2009
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Wachovia Changes The Lending Game
More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Such opposition effectively ended when WMC Mortgage Company — a part of General Electric — said it would end prepayment penalties 60 days prior to the first interest rate reset date on new loans.
www.realtytrac.com - Tuesday, February 3, 2009
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  • Wachovia Changes The Lending Game
    More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Such opposition effectively ended when WMC Mortgage Company — a part of General Electric — said it would end prepayment penalties 60 days prior to the first interest rate reset date on new loans.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • New York Versus Freddie Mac: Round One
    At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. What makes the New York law different is that it effectively sets aside New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Secrets of Pre-Foreclosure Investing
    real estate training company. “The Moreover, pre-foreclosure investors need to investigate hidden liens, unpaid federal and local taxes and other undisclosed title problems. “If you miss a lien or a second mortgage, you might acquire a property over-encumbered and in debt,” warned McManus, the book author and pre-foreclosure trainer. “You’re 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
    READ MORE