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 6170oxygen 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 6170For a long time we’ve discussed that reality that often banks foreclose on houses without verifying that they own the loans... in fact, this was a tactic we’ve used to get lenders to stop the foreclosure process... they have to prove that they own the note (in other words, that they have title). Well, it […]
Hey... I was up early this morning and when I’m tired, sometimes a picture is easier to process than words. You’re going to want to take a quick peak at the chart and short article in the link below. For awhile now, we’ve been reading about “shadow inventory” with some saying that the next wave […]
Imagine if this was your real estate deal… The bird dog brings you the potential short sale property with massive potential. Expert negotiators work with banks to get the short sale approved – totally done for you. The transaction is funded by someone else’s money. The real estate agent then sells the property on your […]
There’s some encouraging news on the horizon for homeowners hoping to sell their homes via a short sale – in the form of a new bill being introduced into the U.S. House. The bipartisan Prompt Decision for Qualification of Short Sale Act of 2010 would impose a deadline on lenders to respond to short sale […]
You 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 […]
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 […]
At SREC we’ve often discussed the troubled public perception of using land trusts as a vehicle to successfully complete short sale back-to-back transactions. Of course, there’s a legal way to use this tool, which we describe in our Dovetail program. The following article references yet another pair of scalawags using land trusts to rip people […]
It seems Superman’s powers just can’t be stopped. In his latest rescue, a family on the brink of foreclosure saved their home when they found a rare copy of Superman’s debut comic, Action Comics #1, in their basement. The family was packing up their home when they came across a stash of old magazines and […]
This article builds on where the NYtimes piece left off… "The industry as a whole got into a panic mode and was worried about all these loans going into foreclosure and driving prices down, so they got all these programs, started Hamp and internal mods and short sales," said John Marecki, vice president of East […]
