"Thanks, Linda....it just seems to me that if the banks really wanted to get rid of their "toxic assets" they would all do a much better job! I know the problem is massive, but so do the banks and maybe they could take a little of their federal gift…"
Can anyone explain why, with a bona fide offer of 54K higher than the last foreclouser, WaMu would rather foreclose than accept the short sale? Is there some accounting at the bank that makes the foreclosure more attractive to them?The second lender…
I came across a new problem today that may force more foreclosures. If you are in a condo and there are more than 15% of owners who are delinquent in their condo fee, you are out of the guidelines of Fannie Mae. So, no new loans and no refinance for…
"I came across a new problem toda y that may force more foreclosures. If you are in a condo and there are more than 15% of owners who are delinquent in their condo fee, you are out of the guidelines of Fannie Mae. So, no new loans and no refinance…"
I came across a new problem toda y that may force more foreclosures. If you are in a condo and there are more than 15% of owners who are delinquent in their condo fee, you are out of the guidelines of Fannie Mae. So, no new loans and no refinance for any of the current owners or potential buyers. I would be interested to hear your thoughts on this.
I think it just highlights how deep and pervading the mortgage mess has become.
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I think it just highlights how deep and pervading the mortgage mess has become.