A survey conducted for a consortium including the Certified Financial Planner Board of Standards, Financial Planning Association, Foundation for Financial Planning, and the U.S. Conference of Mayors revealed that at least one in three Americans if handed a pink slip would not be able to pay their mortgage for more than one month. Sixty-one percent [...]
A CNNMoney report indicates Fannie Mae has measured the number of people who would consider walking way from their mortgage in a strategic default at 27% this year compared to the 15% who responded favorably to strategic default in the past. Experts speculate that the approval rating for strategic default has gone up for several [...]
A recent Harris Interactive study finds that 7% of respondents have “a great deal of difficulty” in paying the mortgage each month. Another 22% experience some difficulty in making monthly mortgage payments.
A Huffington Post report reveals that the Federal Reserve report on the robo-signing scandal revealed that by the Fed’s definition of “wrongful foreclosure” the documentation problem has not led to any wrongful foreclosures.
The Treasury Department now estimates that 1.4 million homeowners are still eligible for a HAMP modification. This is a 57% reduction from the original 2009 estimate of around 3.3 million homeowners who could qualify.
As Short Sale Investors we are used to expecting long foreclosure delays in states with the judicial process of foreclosure, and in the states with the most distressed property that can range upwards of nine to fourteen months from the time the home reaches serious delinquency.
Lender Processing Services (LPS) published the statistic that the inventory of foreclosure property in the U.S. is 7.7 times higher than the historic average for foreclosures. This fact came with the news that the inventory of homes in foreclosure or already foreclosed upon has risen for 5 straight months.
The new Fannie Mae WaysHome page helps homeowners decide what to do when they begin to have trouble paying the mortgage. Users are presented with different roles that they can play in an interactive movie about different kinds of distress situations. If the homeowner is not sure which situation is closest to their own they [...]
"Bob by far provides the best value and comprehensive, timely information." -Alex Bailey, Irmo, SC
"Emails I received from Bob contained very useful and up-to-date information regarding the ever changing landscape of real estate and NOT just sales pitches for other 'RE gurus' programs." - Dennis Uyeda, HI
Find us on: The Investment Machine | RealtyFeedSearch.com | Blogging Fusion Blog Directory | Investment Directory | DR.5z5 Feed Directory | OnTopList | BLOGbal | 
| blogville.us | Best Directory | 
| Thumbnails powered by Thumbshots
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
![[Valid RSS]](/images/valid-rss-rogers.png "Validate my RSS feed")
© Copyright REWealthCoach.com 2009. All rights reserved.
