May 2010 Entries

GOVERNMENT LOAN MODIFICATION PROGRAM ABANDONER S ON THE RISE

25% Since Its Start Had Received Permanent Relief Latest report from the Treasury Department adds to the problems in the Obama administration’s $75 billion program. While government electors summed it as a helping hand that could aid in turning around the housing market, others see it as something that prolongs the inevitable surge of foreclosures. The others appear to be right; as evidence shows the number of homeowners abandoning the mortgage assistance program is about equal to those whom have received permanent relief. And abandoners are on the rise. As of last month, over 299,000 homeowners had received permanent loan modifications,...

Strategic Default Interview With 60 Minutes & Homeowners

Strategic Defaults:  The Financial Decison To Walk Away Investors, this movement is the latest mainstream now for the ethical and educated investor. We must continue being ready to not only answer questions and help distress homeowners of underwater and/or upside down properties, whom from the video below seem to be at a loss of hope in keeping their dream home or avoid foreclosure, but make a better job at reaching out to this homeowners whom are making the financial decision to walk away ( strategic default ) before they start thinking walking away from their home is the better option. Watch...