It would appear that we may have a new word candidate for the mighty review board at Webster's. Rentership is a new phenomenon that is pervasive throughout our real estate economy. It is hidden below the radar and often not breached in con
Dec 12, 2014 | solutions for underwater properties Traditional Mortgage Rentership Real Estate Economy
During the brunt of the recent mortgage crisis, when lenders nationwide faced unprecedented levels of mortgage loan delinquency in short periods of time, it was common to see delinquent mortgages sit with no adverse lender action. The lenders did no
Nov 11, 2014 | Short Sales solutions for underwater properties HECM Reverse Mortgage foreclosure forgiven mortgage debt
Many are beside themselves while others have expressed a sense of panic to me regarding the expiration of the Mortgage Debt Relief Act and their decision to do a short sale. The law, or otherwise termed grossly generous entitlement, is over. I
Feb 12, 2014 | Short Sales forgiven mortgage debt solutions for underwater properties mortgage debt relief act mortgage debt forgiveness act
At the stroke of midnight on 12-31-13, as we celebrated the New Year and listened to the historic hymn of Ole Lang Zine, the US Treasury vault door slammed shut. For those that could hear beneath the noise and celebration, the echo of “No more
Jan 15, 2014 | Short Sales solutions for underwater properties mortgage debt forgiveness act mortgage debt relief act Debt Mitigation
Many people I have spoken with, simply do not fully comprehend the ramifications of foreclosure and the potential personal liability they may face regarding the mortgage note. When you get a mortgage there is a deed of trust that allows the lender ce
Nov 15, 2013 | Short Sales solutions for underwater properties forgiven mortgage debt Debt Mitigation
There appears to be a misconception in the market among some that a Reverse Mortgage can be used to solve any and all property and borrower ailments. This is categorically incorrect. A Reverse Mortgage is designed for a primary residence only and do
Sep 25, 2013 | Reverse Mortgage HECM Reverse Mortgage solutions for underwater properties FHA Construction Loan Hard Money Loan Government insured mortgage