insert-headers-and-footers domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131oxygen domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131You read the headline right… $186.9 BILLION- with a “B.” That figure includes properties in default, foreclosure and lender REO. This is according to data gathered from the research firm, Real Capital Analytics. This figure represents an increase of 12%, or just over $20B, since June. Experts predict that this sky-high range will be around […]
Through their new HomePath program, troubled GSE giant Fannie Mae is offering their foreclosed homes for sale with as little as 3% down. What’s more, that 3% can be a gift from a family member of third party, or a loan from a non-profit, state or local government. Doesn’t this remind you of the “deals” […]
The days of quick home appraisals seem to be coming to an end, even at times being problematic. Lenders are becoming more demanding, and often calling for second appraisals on a home before giving the green light. Where does this stem from? Of course, from the problematic home loans of the past that got us […]
Will this program finally make a difference? The government is trying to jump-start its so-far weak attempts to tackle the foreclosure crisis by trying to help homeowners who owe more on their homes than they are worth. The Federal Housing Administration will allow lenders to give these borrowers refinanced loans if the lender agrees to […]
Major banks, including Bank of America and Wells Fargo, are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors. The Obama administration says local officials could benefit from acquiring these properties and using the land for redevelopment projects. Congress has provided $7 billion […]
Mortgage rates are the lowest they’ve been in a long time, and those people who are in a position to be able to capitalize on the market conditions and buy a home are facing another challenge: rising mortgage closing fees. In Illinois alone last year, mortgage closing costs rose by 40%. The national average is […]
Have you ever seen a real estate investor in your town closing a bunch of deals... ... and you're sitting there wondering how they're funding their deals? Well, this video that I found last week shows you how you can literally (and legally) *spy* on your competitors to see who their private lenders are […]
In case you missed last night’s call with Jerami King about the unnerving trends and changes in lender protocols, you can listen to the replay here. You’re going to want to hear what Jerami has to say about these shocking trends especially if you work with or come across a deal from Bank of America, […]
Jerami King is a former team leader for the loss migitation department of a MAJOR bank. Today he helps real estate investors and homeowners successfully navigate the pre-foreclosure process. Few people know more about the ‘ins-and-outs’ of working with leaders on short sale approvals. Tonight, Jerami will share some unnerving trends and changes in lender […]
I have some very important information to share with you TOMORROW night. You may or may not know Jerami King. He was a former team lead for the loss mitigation department of a MAJOR bank. He has a unique perspective on short sales in today’s market, seeing them from both sides of the plate… first […]
