Types Of Bankruptcy

Appraisers, Still Feeling Pressure   Have the real estate valuation shenanigans and inflated home appraisals that characterized the boom years disappeared? read more...


KnowledgePlex: Article: More Homeowners With Good Credit Stuck With Higher-Rate Loans  Low interest rates and aggressive marketing campaigns have driven home lending to record levels.read more...


The Real Deal: Event Rentals: easier than renting an apartment in NYC   WPCNR'S THE REAL DEAL By The Wedding Jeannie, Jeannie Uyanik. January 13, 2008: Readers will be pleased to learn that renting anything for your event, even a sophisticated bathroom


Natchez church free of mortgage (The Natchez Democrat)  NATCHEZ ? Songs, prayers and words of gratitude resounded through the sanctuary of Christian Hope Baptist Church Sunday afternoon at their mortgage burning ceremony.read more...


Tips For Buying And Selling A House  It might be a buyers' market right now, but experts have tips for people looking to either buy or sell homes.read more...


Seven states join forces to track mortgage brokers (Sun-Sentinel)  Seven states on Wednesday began a standardized process to more thoroughly license and track tens of thousands of mortgage brokers.

January 12th, 2008

Quick resolutions for distressed borrowers? Hardly

“Oh no, we can’t talk to you about a loan modification. Your file is in the collections department (not the loss-mitigation department, where loan modifications and short sales are handled) because you’re only 30 days late.”

It is also bringing to light impediments to quick resolutions that may surprise some borrowers, such as the presence of home equity lines or second mortgages on the property. via SF Gate



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