1. More home for your buck. How? By taking advantage of potentially lower interest rates and dramatically lower prices, two ways in which banks entice buyers to take a losing asset of their hands—fast! Bank-owned (REOs) and foreclosed upon properties average discounts between 20% and 25% off their overall retail value. Buying the property “as more » Read more »
The Inside Scoop: How Banks & Mortgage Servicers Are Coping With Foreclosure Explosion
In an effort to stay on top of the latest in the exploding foreclosures market and the ever-adapting mortgage loan servicing industry, I had the benefit of attending the Feb. 17-20Â MBA’s National Mortgage Servicing Conference & Expo in Tampa, Florida. I’m excited to share the crucial insider information I was able to learn and more » Read more »
Exclusive Insider Foreclosure List Now Update–February 1, 2009
Hi Everyone, I just updated the list. I am getting one new property per day–so make sure you check back often. So, if you already have your password, go to the Exclusive Insider Foreclosure List now. http://markshandrow.com/reo/ If not, sign up here: http://markshandrow.com/foreclosures/ I will be sending out updates and photos of some the new homes later this week. These properties [...] Read more »
New Foreclosure Law California SB 1137: Relief … Or Not?
New foreclosure law California SB 1137—Was it a case of too little, too late? The thousands of Los Angeles and Orange County homeowners still on the brink of defaulting on their loans likely think so. California’s record-breaking, seemingly endless spike in foreclosures has left many frustrated with SB 1137, a supposed piece of “foreclosure relief” more » Read more »
The Endgame Nears for Fannie and Freddie
This was a great article from Barrons about Fannie and Freddie. Shares of Fannie Mae and Freddie Mac have declined by approximately 90 percent from the previous year and both companies are reporting quarter-over-quarter losses, leading some to believe than a government take-over or complete privatization is imminent. MAKING SENSE OF THE STORY FOR THE more » Read more »
The Housing and Economic Recovery Act of 2008 is Signed into Law!
Recently, the House and Senate passed broad-based housing legislation, which was signed into law by President Bush this morning. Heralded as the most sweeping housing reform since the “New Dealâ€, it includes the creation of a strong regulator for Fannie Mae and Freddie Mac, changes in conforming and FHA loan limits, a comprehensive modernization plan more » Read more »
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