Accidentally banks got caught up in their own executives/controlling shareholders ‘hypergreed’. These same bankers could’ve chosen another route. REO and subtracting this sale price from the note face value creates an absolute loss and has always been paid by the FDIC or some next government or CDS insurance loss subsidy. Lets people keep their homes and pay more affordable mortgages and stops inventory massive flow or REO onto the market. So that’s how our partner Principal Reduction Consultants, LLC negotiates reductions for you. In fact, recasting sub prime predatorial notes at 90 NPV enables banks… Read Article →
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My advice to American citizen parents of preadolescent and adolescent children has probably been to stick with what Benjamin Franklin, the big American Framer, scientist, and philosopher, gave as sound advice. A person should work like everything depends upon him, and pray like everything depends upon God, as my dear mother said as her individual maxim. You see how to swim, right? I have to admit that is one of my weaknesses. I do see how to swim -as long as I have some reassurance like the fact that I could reach the pool floor…. Read Article →
Those markets that were always still seeing appreciation -Dallas, Charlotte, Atlanta or Seattle -they have not experienced boom and bust levels of appreciation as seen in now declining markets. Do yourself a favor and get rich slow. Now is usually time to get and HOLD, if you need to be a real estate investor. Slow and steady wins the race -or at least that adage is used in past. Look, there’s nothing bad with the real estate market that a year or 1 won’t fix. With homes supply on market at a lofty point and… Read Article →