Apr

18

Foreclosures

April 18, 2008 | Leave a Comment

Foreclosures jump 57 percent in last 12 months and it’s not over yet.
In numbers calculated from realtytrac, one out of every 558 single family households in the US experienced some form of foreclosure filing in March.
Between March 2007 and March 2008 there has been an increase of 129% for foreclosure filings.
In California, one in every […]

Apr

13

Consequences for ‘Walk-Away’ Borrowers

April 13, 2008 | Leave a Comment

Consequences for ‘Walk-Away’ Borrowers
Thinking about walking away, think again!
The government and the lending industry are taking aim at “walk-away” home owners who stop making payments and months later send the house keys back to their lender.
Such borrowers will not be able to get another mortgage through Fannie Mae for five years, unless there are documented […]