Summary: With easy money coming back into the market, borrowers who should not be borrowing getting loans and the economy at a tipping point is the history of the financial crisis about to repeat itself? Will the return to ‘easier’ lending practices in markets spanning mortgages, student loans and used cars pose a problem? Problem for the […]
In an investment some debt or leverage can be good but, at some point, it can become all-consuming and impossible to repay! Think about what happened to homeowners who had a variable-rate mortgage, also known as debt or leverage, when mortgage rates began to rise and the value of the asset fell. If their income stayed […]
Courtesy of CoreLogic, this article contains most everything you wanted to know about U.S. residential property foreclosures! The report was created by, and is posted with, the permission of CoreLogic, a data and analytics company. The January 2016 National Foreclosure Report shows the foreclosure inventory declined by 21.7 percent and completed foreclosures declined by 16.2 percent compared with January […]
Or at the very least articles you will find of interest whether in the national, financial, real estate or technology arenas! Top News Family accused in $20 million mortgage fraud scheme USA Today – An extended family and several business associates were indicted on federal charges Thursday in a mortgage and… Bank of America: we’re […]
Follow @Hallmark Abstract Service Hopefully nothing because… …while the run-up in technology and biotech stocks recently has hit a brick wall and an IPO actually went down on its first day of trading (King Digital Entertainment maker of Candy Crush) home prices, while pausing for the past three months, are still heading in the right […]
Follow @Hallmark Abstract Service What happens if the debt forgiveness in a short sale becomes ordinary income? If the difference between the short sale price and the amount that is owed on the mortgage ever became ordinary income for the already strapped homeowner, short sale activity will grind to a halt. This is a scenario that could potentially […]
Follow @Hallmark Abstract Service A Zombie Foreclosure is simply a house currently in the foreclosure process that sits vacant having been abandoned by the owner and not yet taken back by the lender! Most of us have driven by homes we suspect are long-abandoned, are being foreclosed, that typically will be neglected, have very possibly […]
What do these three topics have in common? Not that much really but if you are in business and/or involved in the real estate market they all can have an impact on you in one way or another! Attorney’s and Website Marketing The first article is focused on law firms and the fact that while […]
Does it matter whether a property foreclosure is being pursued within a judicial state or a non-judicial state? You bet it does! For those who may be unfamiliar with the difference between judicial and non-judicial foreclosures, the short answer has much to do with time. Lots and lots of time. And, as we say in […]
