Archive for Short Sales
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I Wonder If Other Lenders are Looking At This as a Potential Loss Recovery Center
I had an interesting instant message chat yesterday with a lawyer friend who has been approached by a major lender.
Seems this lender is looking for local resources to follow-up on short sales after the closing. They want to make sure the “value” everyone agreed to at the short sale closing was really the “value” at [...] Read more »
Unemployment Numbers Take a Big Jump Up
The unemployment number for December jumped to 5% from 4.7% in November. Non-farm payroll increased by only 18,000 jobs which is essentially a wash. Meaning about as many jobs were lost as added in December. Remember, these are lagging indicator meaning, the fundamentals in the economy caused the drop in jobs growth, the drop in [...] Read more »
This is a GREAT Time to be an Investor…
and an awful time to be a speculator.
Do you know the difference? More importantly, do you know which one you are? Hint: It is all in the risk levels and how they are managed.
And yes, I still believe the recession has started.
The reason investors are loving the current turmoil in all of the equity markets [...] Read more »
Will Institutional Money Freeze Out the Small Investor?
Cash is King and the best deals will always be had by those with the means to act quickly and decisively.
There are some media reports talking about some very well funded groups taking advantage of the housing market problems, especially in Florida. Many of these reports try to portray these groups as predatory and swooping [...] Read more »
Lenders Face Obstacles in Loan Modifications
In June I talked about why lenders don’t do more short sales. So, it should come as no surprise the lenders are facing increased pressure from the investors who bought the packaged loans to hold the line on modifications. They are pressing the servicing companies to only modify the loan when it looks like there [...] Read more »
Why Don’t Lenders Do More Short-Sales?
The concept of short-sales is all the rage now. Guru after guru is offering learning materials and boot camps and all manner of expensive fluff because this is the latest buzz.
Real investors have been doing short-sales with lenders for as long as there have been lenders and borrowers. It isn’t new and the lender is [...] Read more »
