Can't Refinance? Then Get A Fort Lauderdale Loan Modification

Can't Refinance? Then Get A Fort Lauderdale Loan Modification Posted: Thursday, March 12, 2009 Florida based Loan Modification Expert, Marlon Baugh reveals Fort Lauderdale Loan Modification Secrets at a new web site that is full of free reports, a Loan Modification guide and free mortgage calculators. The site is designed to give Florida residents all the facts about A Fort Lauderdale Loan Modification so they can make an educated decision when obtaining a Fort Lauderdale Loan Modification.

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Bankruptcy Filing Stalls ?Extreme Makeover? Home?s Foreclosure

Associated Press The Harper home. A troubled "Extreme Makeover" home has escaped foreclosure yet again, this time thanks to a bankruptcy filing. Milton and Patricia Harper's 5,300-square-foot Lake City, Ga., home was scheduled to be sold on the Clayton County courthouse steps earlier this week, but Milton Harper filed Monday for Chapter 13 bankruptcy, stalling the foreclosure, the Atlanta Journal-Constitution reports. That means the Harpers, who have three sons, will remain in the home re

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Weekly Mortgage Roundup March 5, 2009

Mortgage rates stayed flat from last week to this week based on Freddie Mac's market survey numbers . The benchmark 30 year rate climbed slightly to 5.07& from 5.04% with .7 points. The 15 Year rate stayed constant, while 5/1 and 1 Year ARMs went up by .02% and .01% respectively. Analysts had predicted that rate would rise or fall based on President Obama's revealing of the new national budget and his mortgage bailout policy, but surprisingly rates have essentially remained unchanged. Eve

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Wall Street Lays Another Egg

Wall Street Lays Another Egg NEIL FERGUSON This year we have lived through something more than a financial crisis. We have witnessed the death of a planet. Call it Planet Finance. Two years ago, in 2006, the measured economic output of the entire world was worth around $48.6 trillion. The total market capitalization of the world's stock markets was $50.6 trillion, 4 percent larger. The total value of domestic and international bonds was $67.9 trillion, 40 percent larger. Planet Finance

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Big banks declare moratorium, file 25 new Cuyahoga foreclosures on same day

Last Friday, February 13, Citigroup issued a press release that said:To reiterate the commitment made by Chief Executive Officer Vikram Pandit to the House Financial Services Committee on February 11, 2009: Citi has initiated a foreclosure moratorium on all Citi owned first mortgage loans that are the principal residence of the customer as well as all loans Citi services where we have reached an understanding with the investor. The moratorium is effective February 12, 2009, and will extend until

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Why Be a Nation of Mortgage Slaves?

January 31 2009 - Preventing foreclosures has become a top priority of politicians, economists and regulators. In fact, allowing foreclosures to happen has merit as a free-market solution to the crisis. If the intent is to help homeowners, then foreclosure is undoubtedly the best solution. Household balance sheets have been destroyed by taking on too much debt via the purchase of inflated assets. With so little savings, a household with negative equity almost implies negative net worth. Walkin

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New Bankruptcy Law May Not Solve the Foreclosure Crisis?

Bloomberg reporter Jody Shenn's recent article suggests that mortgage modifications in Chapter 13 bankruptcy - the subject of the proposed bankruptcy amendment - may not stem the tide of foreclosures in this country. Well, Duh. The new bankruptcy amendment allowing mortgage "cramdown" requires that the debtor be in imminent threat of foreclosure. In other words, if a homeowner is scraping by, but nonetheless is staying current with the mortgage, he is not eligible for relief. Therefore, he

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30 seconds on the Obama programs for homeowners

I'm writing about this for Commonwealth , and figured I'd post the following very brief explanation, in case you're confused. There are two significant "programs" from the Obama administration that affect home buyers and homeowners. 1. The American Recovery and Reinvestment Tax Act of 2009. Among other things , it provides for a tax credit of up to $8,000 for "first-time buyers" who purchase a home before November 30, 2009. ("First-time buyers" means you haven't owned a home since 2005.)

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Obama's Housing Plan 2009 Generating Some Interesting Q&As

On the heels of the announcement of President Barack Obama's Home Affordable Refinance Program and loan modification program , we're seeing some interesting discussions. Take a look at some interesting questions in Zillow Advice Q. Do any of the Obama programs help people without a freddie mac or fannie mac mortgage? Q. Will Obama mortgage plan drive down refinance rates for responsible borrowers too, not just others? Q. Guidance from the Government: Making Home Affordable

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Loan Modification Can Stop the Foreclosure Crisis

Change bankruptcy law to keep people in their homes. January 30 2009 - This week the House Judiciary Committee approved legislation aimed at helping Americans keep their homes through bankruptcy. I introduced the Helping Families Save Their Homes In Bankruptcy Act of 2009 to give courts the power to modify mortgages to bring them in line with underlying home values. For families in distress, this is a much-needed reform. And considering the realistic alternatives, it is fair to all concerned.

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I'll huff and I'll puff and I'll take your house away

In court, Countrywide says its ads are "puffery" For the basic idea behind this MSNBC story, note the subhead: "Defending lawsuit, mortgage company mocks loan modification assurances" (emphasis added).In marketing, advertising and testimony before Congress, Countrywide Home Loans has said repeatedly that it is working hard to modify the mortgages of financially strapped borrowers caught up in the subprime meltdown. But in a New Hampshire court, attorneys for the lending giant are singing a differ

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Chase to Modify Investor-Owned Loans

Chase to Modify Investor-Owned Loans 16Jan09 Chase today expanded its loan modification program to include another $1.1 trillion in investor-owned mortgages it services. The company said it believes it can legally modify such loans, even those held in securitizations, based on its review of investor agreements and its experience with investors and trustees to date. In other words, it's become so bad that investors are willing to try anything to mitigate losses on their soured mortgage

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New report delivers bad (and good) news on mortgages

New report delivers bad (and good) news on mortgages Posted by: admin in mortgage industry The Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS) issued their second OCC and OTS Mortgage Metrics Report on mortgage performance on December 22. As expected the number of delinquencies and foreclosures in process continued to rise. The number of newly initiated foreclosures, however, declined by 2.6 percent to 281,298 in the third quarter of 2008. The for

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Citi issues statement on mortgage foreclosure moratorium

Today's announcement expands on Citi's current foreclosure moratorium in which Citi does not initiate or complete a foreclosure sale on any eligible borrower where Citi owns the mortgage, the borrower is seeking to stay in the home, which is his or her primary residence, is working in good faith with Citi and has sufficient income for affordable mortgage payments. "Since the start of the housing crisis in 2007, Citi has worked successfully with approximately 440,000 homeowners to avoid potentia

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NEW ROGUES FROM CONSUMER AFFAIRS

The following is taken from Consumer Affairs to explain what Rogue Companies are. I'm going to start including these in my posts as well as recalls. Companies that, according to their customers, have been less than enthusiastic about providing good service and standing behind their products. Every day we add hundreds of new consumer complaints and comments to our site. And each day sees a the addition of companies and products that haven't previously appe...

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Fannie Mae Gets Foreclosures and Rentals Right

Fannie Mae Gets Foreclosures and Rentals Right Posted under Fannie Mae, Home Loan News, Mortgage Servicers "Renters in foreclosed properties have often been a casualty of the foreclosure crisis the country is facing," said Michael Williams, chief operating officer of Fannie Mae. This policy will allow qualified renters to remain in Fannie Mae-owned properties should they choose to do so, mitigate the disruption of personal lives that foreclosures can cause, and help bring a measure of stab

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Bank of America gets more government aid, Citigroup impacted by financial crisis

Results at Bank of America, Citigroup hammered by global financial crisis. Citigroup unveils reorganization; Merrill's buyer gets more government aid. NEW YORK " Shares of Citigroup Inc. and Bank of America Corp. fell more than 8% on Friday after the giant banks reported big fourth-quarter losses and took more drastic steps to try to stay afloat. Citi unveiled further plans Friday to dismantle its financial-services empire and Bank of America got billions of dollars in new government support.

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Mortgage Re-Defaults: Are Modifications Enough?

I have written elsewhere about the joint report of the Comptroller of the Currency and Office of Thrift Supervision showing that a rising number of borrowers who had worked out payment plans or mortgage modifications with their lenders were in default again. The reason for those re-defaults? The mortgage modifications often don't lower payments. In fact, sometimes the payments increase. Chris and Cherita Barnes got a mortgage modification from their servicer, Ocwen Financial Corp., in March

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It Was A Heck Of A Parade

The Mansfield News Journal reports from Ohio. Ralph Hunt, emeritus professor at The Ohio State University-Mansfield, found himself caught up in a local real estate vortex. Hunt started out asking about $170,000 for his Woodland-area home. The two-story, Tudor-style house, for which he paid around $129,000 about seven years ago, has been on the market for almost two years. Though the sour market has been frustrating, he said, Hunt stuck with his original team of real estate agents. In the mean

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Q&A with Kim DiBenedetto, 2009 President MCAR

Kim DiBenedetto President MCARReal estate leader Kim DiBenedetto says there's no time like the present to have a licensed, association affiliated real estate agent on your side.by Broderick Perkins © 2008 Deadline News.Com Unauthorized use of this story is a copyright violation -- a federal crime Deadline Newsroom - With so much uncertainty in the housing market, it's a good time to seek insight from real estate leaders who have their fingers on the pulse of the market. We recently sat down in a qu

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Borrower Information: Making Home Affordable Refinance and Modification Options

Learn About the Making Home Affordable Refinance and Modification Options. plan to help millions of homeowners refinance or modify their mortgages. Refinancing: Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today's lower mortgage rates perhaps due to a decrease in the value of their home. A Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into a more affordable mortgage. Modificat

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Bonus paid to AIG Executives on the US Taxpayers BudgetAgain.

by Wade Henderson You need to keep a scorecard to keep up with the AIG issues in regards to the finance practices that are in question, that the US Taxpayers are ultimately responsible for. In the NY Times on Sunday March 15, 2009 this was the announcement: WASHINGTON The American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, plans to pay about $165 million in bonuses by Sunday to executives in the same

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Free workshop on avoiding foreclosure

The topic, learning how to dodge foreclosure, is a compelling one. And the price, free, is right for a Saturday seminar at Evergreen College's Tacoma campus. That seminar, which brings together mortgage counselors and loan modification experts together with homeowners worried about staying in their homes, is being sponsored by the City of Tacoma's Safe and Clean Team and a coalition of Tacoma private and non-profit groups. Registration begins at 9 a.m. for the 10 a.m. workshop at the coll

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How To Avoid Common Loan Modification Scams

by Dave Peterman When the banking companies started to sink, many homeowners needed to find an alternative to foreclosure. This option is loan modification. A loan modification comes down to asking the lender to alter the terms of your mortgage for good. Your interest rates get lowered or changed from variable to fixed for examplel. Because of interest lowering, the duration of the mortgage is often increased. Because of the increased demand for mortgage loan modification, a lot of scams ar

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Stop Default With A Loan Modification Hardship Letter Template

by Anthony Fine Often the ability to write a quality hardship letter is paramount to your response in receiving a loan modification. A lender must see on paper the story of how your current financial distress will lead ultimately to foreclosure, unless as a lender, he or she steps in to help with the approval of a loan modification. A hardship letter template may be used to convey the dire financial straights an individual faces when confronting: immediate foreclosures, loan modifications, f

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Avoid The Con Men When Doing A Loan Modification

by Dave Peterman When the banking companies started to collapse, many homeowners needed to look for an option besides foreclosure. This option is loan modification. A loan modification means you make a deal with your lender to permanently change the terms of your mortgage. Oftentimes, this means lowering the interest rate. Also, extending the time of the loan is oftentimes done to keep the damage for the bank to a minimum. Because of the increased demand for mortgage loan modification, a lo

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Mortgage Loan Modification Advice

by Gerald Fox In this article, we will deal with some tips to increase your chances of getting a mortgage loan modification. By knowing these little known facts you greatly improve your chances of success. Let's get into the loan modification insider tips. One of the key factors to getting your mortgage loan modification approved is the effort you take to prove financial hardship. This requires you to write a "hardship letter" to your lender. A hardship letter details and explains your circu

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Quick Review Of Obama's Mortgage Plan

Whether you approve or disapprove of the mortgage bailout, you do yourself a disservice if you don't at least understand the basics of it. You may think that the only people who end up needing a mortgage bailout are those who acted irresponsibly, but job cuts can sneak up on a household and this plan may be the difference between keeping and losing your home. I'm going to focus on the "Home Affordable Modification" program in this post. From the LA Times : For those borrowers, the governme

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Foreclosure Information: Nine Myths That Would/ Waste Your Time And Money

There are many myths about foreclosure. There are those that have a basis in fact however many are simply foolishness. With this post we will strive to straighten out a few of these myths with some foreclosure information that you can count on. So read on to learn what is myth and what is fact. The Myth: The bank wants to foreclose on my house. The Facts: The mortgage company almost never wants your home, they want the money they lent you paid back with interest. In fact, banks usually[/

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Should I Wait For Grandma to Die So I Can Pay My Debt? - Jack

Jack wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you'd like to ask just use the online form . I'm happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . Dear Steve, I have credit card debt of $95000, 2nd mortgage

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Foreclosure Information: 9 Myths That MayCost You Money & Time

You can find many myths about foreclosure. There are those that have a basis in fact however many are simply foolishness. Which is why we hope to clear up some of these myths with some accurate foreclosure information that you can trust. So keep reading to find out what is myth and what is fact. The Myth: The bank wants to get my home. The Facts: The mortgage company almost never wants your home, what they want is to be paid back with interest. In fact, banks almost always going through

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Will Riversiders benefit from mortgage rescue plan?

Click below to watch our video report. Homeowners in the Inland Empire who are in jeopardy of foreclosure may receive some help, based the current rescue plan. Bruce Norris, of The Norris Group, is a leading real estate expert who is based in Riverside. He believes the mortgage modification program currently in place is too small to fix the problem, and he's concerned about people who might abuse the plan which is being promoted by the Obama administration. Applying for mortgage he

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Easy Ways To Avoid Losing Your Shirt With Loan Modification

by Karl Graus Loan modification is not an entirely new procedure in the mortgage industry, it just became a lot more popular in recent days. A loan modification comes down to asking the lender to alter the terms of your mortgage permanently. Oftentimes, this means lowering the interest rate. Also, extending the time of the loan is oftentimes done to keep the damage for the bank to a minimum. Naturally, the con men have also observed the foreclosure boom and inflated demand for mortgage loan

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What Are Your Options If You Can't Make Your Payment?

I found you on the Web after doing some research for my parents regarding short sales and foreclosures. I appreciate your straight talk regarding the whole loan and real estate process which I know they find incredibly intimidating. Right now, they're sort of putting their head in the sand regarding their financial problems. I have been trying to help them stay afloat but it's becoming tight. My mom received a default letter from the lender last week since she was two months behind. She sent o

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Mortgage Loan Modification Insider Tips

by Jill Cullen If you want to improve the chances of getting your loan modification approved, we'll go over a few tips to do that By knowing these little known facts you greatly step-up your chances of success. Let's go into the mortgage loan modification insider tips. If you want to get your mortgage loan modification approved, you need to show financial hardship. This requires you to write a "hardship letter" to your lender. In this letter, you explain your financial situation. You also ne

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A look at America's future - grim unless we get smart and pull together

The current generations of Americans were born to affluence (most of them, that is), and few have any idea how quickly it can all go away. As it did for Latin America " rich after WWII, poor today. Here are three articles foreshadowing a possible future for America. All grim, all essential reading to understand what's happening. An excerpt is provided from the last of these, as it illustrates important dynamics of how we got here" and a way to a better future. The situation looks bleak for

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Foreclosure Information: Nine Myths That CouldCost You Money & Time

You can find many myths about foreclosure. There are those that are based in fact but many are simply nonsense. Which is why we hope to straighten out a few of these myths with some accurate foreclosure information that you can trust. So read on to find out what is true and what isn't. The Myth: The mortgage company wants to foreclose on my house. The Facts: The mortgage company almost never wants your house, they want to be paid back with interest. As a matter of fact, lenders almost a

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The Best Way To Modify Your Mortgage

By Ludo Wiegers Modifying your mortgage is not as easy as many people say it is. The usual advice you hear and see on the Internet is: Call your lender, give him the news of your plans of modifying the loan and work something out. He'll be happy to speak with you. This may be a great fantasy, but it won't happen in real life. When you call, you'll find that your lender will not be ecstatic to receive your request to change your mortgage around. He won't respond with a reaction to do you a fa

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Expect Delay in Processing Loan Modifications

Tony Elias posts a CNN article outlining the launch of the Obama Administration's foreclosure prevention program : The multi-pronged fix calls for companies to help as many as 4 million struggling borrowers by modifying loans so housing payments are no more than 31 percent of monthly gross income. Separately, homeowners who haven't missed a payment can refinance into lower-cost loans even if they have little or no equity. This is expected to help up to 5 million homeowners. While borrowers

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In straits insufficiently dire

Richard Mize reports in the Oklahoman this morning: Almost four out of 10 homeowners in Oklahoma County have mortgages that could qualify for loan modification under President Barack Obama's "Making Home Affordable" program, according to Zillow.com. That's based on amounts owed on houses compared with what they're worth "the loan-to-value ratio" required by the program. People who owe from 80 percent to 105 percent of their home's value, on a conforming loan, meet the parameters of th

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Bankruptcy Can Be A Useful Tool For Mortgage Modification

In a recent paper to appear in the Connecticut Law Review, Alan M. White, an Assistant Professor of the Valparaiso University School of Law, analyzes causes of the continued foreclosure crisis and steps that can used to curb it. In the end, he concludes that even though Chapter 13 Bankruptcy represents a substantial cost to Debtors, judicial modification of mortgages in bankruptcy can be a useful tool to develop a standardized approach to debt reduction on principal mortgage balances. Profe

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Guess Who Gets to Pay Again?

As I write this, the House is considering H.R. 1106 , the so-called Helping Families Save Their Homes Act of 2009. This is one of the mortgage proposals that caused CNBC's Rick Santelli's rant and helped create tea parties around the nation where citizens came together to object to the never-ending bailouts. Responsible homeowners are FURIOUS they are being asked to rescue those who bought more house than they could afford. The House Democratic Leadership claims they have fixed this...

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Tauscher, other local Dems praise foreclosure bill

New Democrat Coalition chairwoman Ellen Tauscher , D-Alamo, has been getting no love from the liberal netroots "see here , here and here for examples" over her role in H.R. 1106 , the foreclosure-prevention legislation. That didn't stop her from expressing joy as the bill passed the House today on a 234-191 vote . I am pleased that the House approved the Helping Families Save Their Homes Act. This is one component of a very large effort to stabilize the housing market and limit

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Twenty percent of U.S. mortgage borrowers owe more than their homes are worth

On the heels of yesterdays "Home Affordable Modification" initiative, a study was released by American CoreLogic that states one in five U.S. mortgage borrowers are upside down in their loan. In other words, they owe more than the house is worth.Since their peak in July 2006, home prices have declined 19.3% on a cumulative basis and are sitting at the lowest price levels since May 2004. In December 2008, housing prices fell 11.1% nationally compared to December of the previous year. On a year-o

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Foreclose and Evict the Deadbeat Scum

OK, as political slogans go, it ain't "Hope and Change," but as economics it's way better than this : Learn About the Making Home Affordable Refinance and Modification Options The President's plan was created to help millions of homeowners refinance or modify their mortgages. Refinancing: Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today's lower mortgage rates perhaps due to a decrease in the value of their home. A Home Affordable Refin

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Making Home Affordable Refinancing â How Lenders May Determine Home Values

We now know one of the details of the Making Home Affordable refinance plan that wasn't clear yesterday. Since refinancing is available to homeowners who owe between 80-105% of the current value of their home, a key component to determining who will qualify will be figuring out the home's value. The Making Home Affordable loan modification plan spelled out how lenders would determine the value of a home for underwriting purposes. They can either use Fannie Mae or Freddie Mac's automate

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Banksters Still Banksting

There is an expected vote today on the compromise "cramdown" bill in the House. There has already been a recorded vote on the rule today, and not one Republican voted for it, but it passed anyway. They are truly sinking further into irrelevance. The compromise bill, as I've said, is not bad, although the major concessions are that people "underwater" in their homes (owing more principle than current value) won't get help, and the reductions are likely to be on interest rather than principle

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How to Stop Foreclosure

by Ed Winstein In 2008, millions of unsuspecting home owners received a pre-foreclosure notice. Most of these people did not take the simple actions necessary to stop a foreclosure and lost their homes. It’s foreseen that another 3 million late payment notices will go out in 2009. Have you received a foreclosure notice due to a financial hardship? Do you owe more than your home is worth? Are you finding it next to impossible to afford your monthly mortgage payments? If so, the great note i

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Free Guide - How To Improve Understanding of Mortgages and Foreclosure

There are times when a home owner must face certain realities about finances. Unexpected events like divorce or the death of a spouse may find some scraping to pay mortgage, while families dealing with sudden repairs or medical emergencies that drain the bank account face losing their home altogether. The inability to pay the mortgage will reflect upon further credit reports and may prevent people from being to able to buy elsewhere. All this can lead to bank foreclose on the home; however, with

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Useful Essentials of Mortgages and Foreclosure

There are times when a home owner must face certain realities about finances. Unexpected events like divorce or the death of a spouse may find some scraping to pay mortgage, while families dealing with sudden repairs or medical emergencies that drain the bank account face losing their home altogether. The inability to pay the mortgage will reflect upon further credit reports and may prevent people from being to able to buy elsewhere. All this can lead to bank foreclose on the home; however, with

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Mortgages and Foreclosure - Problems and Their Solutions

There are times when a home owner must face certain realities about finances. Unexpected events like divorce or the death of a spouse may find some scraping to pay mortgage, while families dealing with sudden repairs or medical emergencies that drain the bank account face losing their home altogether. The inability to pay the mortgage will reflect upon further credit reports and may prevent people from being to able to buy elsewhere. All this can lead to bank foreclose on the home; however, with

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How to Stop a Foreclosure

by Edward Winstin In 2008, over 3 million home owners received a pre-foreclosure notice. Most simply did not do what was neeeded to stop a foreclosure and lost it all. It's fully expected that another 3 million notices will go out this year. Have you received a notice of default due to a financial hardship? Is your mortgage more than your home would appraise for? Are you finding it virtually impossible to afford your monthly payments? If so, the wonderful thing to realize is you may be a

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The Most Efficient Process You Can Use To Avoid Foreclosure

Thinking of having your house go into foreclosure is a scary prospect and you want to do everything you can to prevent foreclosure. You not only lose your house in a foreclosure but also your security and dignity. Also your credit score drops drastically. This can cause problems when job hunting, when renting an apartment or you want to get authorized for an auto loan not to mention many other common place activities. Qualifying for a new mortgage is completely out of the question for at least

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Immediate Effects of Foreclosure

Foreclosure in the real estate can have highly bad effects on a family. Failure to make mortgage payments within a specific period of time leads to foreclosure. The immediate effect that foreclosure will have is that the family will lose their home. Other than losing the property, the problem of foreclosure can lead to emotional and financial problems too. When you are the owner of a property, the value of your home keeps on

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Modify Your Monthly Loan Payment

If you have a problem with your loan payment and you need to extend or even reduce your monthly payment, all you need to do is just simply modified your previous payment using the services that offered by the company that able to modified your existed loan monthly payment. But choosing the right website address that is able to modified your loan payment properly is quit hard to be found because some company usually unable to create the bias mark up to made some changes in your monthly payment.

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How to Deal With Foreclosure

Foreclosure has swept the whole of United States real estate. A large number of people everyday are losing their homes to foreclosure. They are unable to find buyers for their properties so that they can sell it and get rid of foreclosure. However, there are several ways to fight with this problem. One of the best ways to make mortgage payments is renting the property to a prospective tenant. The money from the rental can be

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Recipe for a Foreclosure Scam?

by Bob Boog The other day, my wife and I ate lunch at a local sushi restaurant where the sushi chef misspoke. He asked me if I wanted an order of scams (instead of clams). Of course, I graciously declined, but almost every day it seems like I hear about another real-estate-related scam. Who knows? Maybe there are as many varieties of scams as one could order in a sushi restaurant! If so, here are three categories: Phantom Helper: The scam artist pledges to the homeowner that for a fee, he

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Buying Defaulted Mortgages - One Exit Strategy is Not Enough

by Dean Engle During a conversation the other day, a new Note Buyer told me that he decided to start investing in buying defaulted mortgages. He had been wholesaling properties for a very long time prior to this. The thing that worried me was when he made the following statement. He told me that the reason why he was getting into the business of buying defaulted mortgages was not only for some good cash flow, but also to keep people in their houses. I do admit that Humanity counts, don't

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Buying Defaulted Mortgages - Multiple Exit Strategies Needed

by Dean Engle I had a conversation with a new Note Buyer the other day, and he told me that he was launching himself into buying defaulted mortgages after spending a long time wholesaling properties. The thing that worried me was when he made the following statement. He told me that the reason why he was getting into the business of buying defaulted mortgages was not only for some good cash flow, but also to keep people in their houses. Please don't get me wrong, of all people I would be

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