“Short sale” versus short walk

By Jack, on December 22nd, 2009%

By one expert’s estimate 5.3 million US homes have a mortgage that is more than 20% higher than their home’s value and 2.2 million of those are “under water” by more than 50%.  It is very [...]; . . . → Click Here to Read the Full Article

Comments are closed   Foreclosure, Mortgages, Regulations

Foreclosure problem turned into lose/lose by lenders

By Jack, on December 8th, 2009%

The headline in the Wall Street Journal said “flippers make a comeback.”  The story told of people going to foreclosure auctions to buy and quickly resell houses at a profit.  They can do this because the [...]; . . . → Click Here to Read the Full Article

Comments are closed   Foreclosure, Mortgages

Student loan modifications very hard to do. Supreme Court to rule.

By Jack, on December 1st, 2009%

To protect the more than $600 billion in student loans insured by the federal government, Congress has made it very difficult to modify these loans.  Bankruptcy courts are not allowed to reduce the principle except in [...]; . . . → Click Here to Read the Full Article

Comments are closed   Bankruptcy, Debt, Regulations