2 Articles match "Maine","May","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
If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed measures that would allow the FHA to insure up to $300 billion in special mortgages for those facing foreclosure. 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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  • The Best from RealtyTrac MORE
  • Wachovia Changes The Lending Game
    If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed measures that would allow the FHA to insure up to $300 billion in special mortgages for those facing foreclosure. 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
    READ MORE
  • 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