We are currently working on three short sales that have already been approved for huge discounts. - That’s the good news.
The bad news is that active listings have caught up with our low offer price. So now the lender nets about 3% less than comparable active REO listings.
That raises the question if these active REO [...]
Short Sale Updates
March 14th, 2008 · 1 Comment
Tags: foreclosure · investing
Lenders Reduce Principal?
March 7th, 2008 · 1 Comment
Foreclosures, banking and housing woes are front-page news almost every day these days. The subject has caught up with the War In Iraq as the most important battle in public attention.
Today’s WSJ discusses the prospect in it’s lead article that lenders could be compelled by the Feds to reduce principal balance on troubled loans where [...]
Tags: banking · foreclosure · lending
