5 Articles match "Company","Sales","September"

• The Best from RealtyTrac

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• New Illinois Housing Law Draws 2nd Suit
  
  The suits — filed by eight consumers and the real estate community — seek to halt the implementation of Illinois House Bill 4050, which took effect September 1. "It's a discriminatory law," said Julie Santos, a Chicago Realtor and co-chair of the Coalition to Rescind HB 4050, a group formed from several community organizations who are collecting signatures in an attempt to repeal the law. "If quot; The mortgage counseling law is generating a rising chorus of critics — from homeowners, lenders, realtors, investors, consumer rights advocates, title companies and others
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• How Much for Those Lender Assets in the Window?
  
  You could look at the Merrill sale and say, Aha! However, the arrangement between Merrill Lynch and Lone Star is not quite so straight-foward. “Merrill Lynch will provide financing to the purchaser for approximately 75 percent of the purchase price,” said the company. “The In September Merrill was bought by the Bank of America for $29 a share . How Much for Those Lender Assets in the Window? By Peter G. Miller    Long ago there was a song which asked the magic question, how much for that doggie in the window?
  www.realtytrac.com - Tuesday, February 3, 2009
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• Legislating Lower Foreclosure Rates?
  
  Also below is a heat map RealtyTrac created of the Chicago area based on the number of total foreclosure filings (defaults, sales and REOs) in September. The ways it does that is it: Limits the amount so-called mortgage rescuers can make to 125 percent of the total debt on the home if the homeowner buys back the home from the rescuer. Requires that all mortgage rescue companies provide disclosures and give homeowners the right to cancel contracts, and increases penalties for violations. Requires that the mortgage rescuer provide the homeowner with at least 82 percent of the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• New York Versus Freddie Mac: Round One
  
  On one side is newly-passed state legislation which sets tough standards for subprime and “high cost” loans and on the other is Freddie Mac, which says it won’t buy such loans in the state after September 1st, the day the new law goes into effect. You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. 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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• Option ARM Borrowers Running Out Of Time
  
  See: "Option ARMs, Its Later Than It Seems," September 2008.) For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. In the end, the most likely solution will be loan modifications, new deals between option ARM borrowers and investors to avoid foreclosure sales and massive losses." Why Option ARMs? Option ARM Borrowers Running Out Of Time By Peter G. Miller 
  www.realtytrac.com - Tuesday, February 3, 2009
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