2 Articles match "Book","Foreclose","Maine"

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Secrets of Pre-Foreclosure Investing
Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. 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 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
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. Negative amortization is typically booked as lender “income” at the time it’s created. By making it easier for borrowers to refinance option ARMs, Wachovia is addressing phantom Wachovia Changes The Lending Game By Peter G. Miller     With assets of more than $800 billion, Wachovia is the nation’s fourth-largest banking institution
www.realtytrac.com - Tuesday, February 3, 2009
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  • The Best from RealtyTrac MORE
  • Wachovia Changes The Lending Game
    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. Negative amortization is typically booked as lender “income” at the time it’s created. By making it easier for borrowers to refinance option ARMs, Wachovia is addressing phantom Wachovia Changes The Lending Game By Peter G. Miller     With assets of more than $800 billion, Wachovia is the nation’s fourth-largest banking institution
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Secrets of Pre-Foreclosure Investing
    Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. 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 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