10-K: SAUL BF REAL ESTATE INVESTMENT TRUST - MarketWatch (press release)
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10-K: SAUL BF REAL ESTATE INVESTMENT TRUST
MarketWatch (press release) - The term "Trust" used in the text and the financial statements included herein refers to the combined entity, which includes BF Saul Real Estate Investment ... |
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Real estate decline hits pension system - Modesto Bee
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Real estate decline hits pension system
Modesto Bee, CA - CalPERS officials say they have conducted a thorough reassessment of their real estate investment strategy and have taken steps to improve oversight. ... |
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HK's Greentown says not investing in Japan's Pacific - Reuters
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HK's Greentown says not investing in Japan's Pacific
Reuters - T), denying a media report that the Chinese property developer was buying a stake in the Japanese real estate fund. Nikkei business daily had reported on ... |
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| 222tr Arkansas Land Foreclosure Sale AR Real Estate NR | 4 Bids | US $127.50 | 8h 53m |
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How SummerHill Homes CEO copes with crisis - San Francisco Chronicle
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How SummerHill Homes CEO copes with crisis
San Francisco Chronicle, USA - Duffy said SummerHill's saving grace likely is that it's owned by Marcus & Millichap, a national real estate investment brokerage from Encino (Los Angeles ... |
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Report: Loan modifications ‘not working’ to help stem foreclosure tide
Distressed homeowners have several available options to avoid sliding into foreclosure, whether it’s negotiating short sales or working with lenders to adjust their monthly mortgage payments. The latter solution is referred to as a loan modification. And financial institutions — especially in this turbulent market — will often rework loans to ensure that families can afford [...]
Distressed homeowners have several available options to avoid sliding into foreclosure, whether it’s negotiating short sales or working with lenders to adjust their monthly mortgage payments.
The latter solution is referred to as a loan modification. And financial institutions — especially in this turbulent market — will often rework loans to ensure that families can afford to stay in their homes.
That’s what it is supposed to do, anyway. Today an alarming report indicated that homeowners are having trouble paying their mortgages despite having them tweaked.
Here’s a snip:
“More than half of delinquent borrowers who had their mortgages reworked earlier this year to avoid foreclosure were behind on their new loan payments after just six months, a federal regulator said yesterday. John C. Dugan, US comptroller of the currency, told a housing forum yesterday that data his agency is collecting show the increase in repeat defaults by homeowners is ‘remarkably high.’”
Perhaps more troubling is the finding that homeowners who have their loans modified are having trouble making the reduced payments just six months later and are “redefaulting.” One reason for that, according to the report, is that several of the modifications actually end up costing homeowners more each month after “rolling in past-due principal, taxes and insurance.”
That doesn’t appear to be a very attractive solution and more than likely only makes a bad situation worse.
So what are cash-strapped homeowners supposed to do?
The most important thing to keep in mind is that it’s best to identify and address the situation as early as possible. Contact the lender and tell them your situation. If you meet resistance or feel that the options presented to you are not good then make a few more phone calls.
There is likely a local, county or state counseling service that can point you in the right direction. Be sure to also reach out to the professionals at CreditLawGroup.com who are always standing by to lend a hand.
The worst thing you can do is nothing … or not give it 100 percent effort.
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1 Bid | US $.99 | 8h 20m |
| 222tr Arkansas Land Foreclosure Sale AR Real Estate NR | 4 Bids | US $127.50 | 8h 53m |
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Very large, heavy plastic laminate 3-ring notebook type case with insets for the six audio cassettes and binder available for the included shrink-wrapped forms and practical instructions, all pre-punched. Read More
| ForeclosuresReal EstateBank ReposHunting Ranches | ![]() |
1 Bid | US $.99 | 8h 20m |
| 222tr Arkansas Land Foreclosure Sale AR Real Estate NR | 4 Bids | US $127.50 | 8h 53m |
| http://www.phpbay.com/affiliates/jrox.php?id=1586 |