San Jose CA – I recently met a realtor who sells properties in a beach town. “Short sales take 9-12 months. The banks are so hard to deal with”, she said. She mentioned short selling a customer’s property. The sellers … Continue reading
San Jose CA – I know a guy that wiped out 300k in mortgage debt. I’ll call him Tom. The name and some of the details have been changed to protect his privacy. Tom owed a lot of money on … Continue reading
San Jose CA – Before the crash, the subprime mortgage market was hot. Wall Street Firms were eager to get their hands on the high interest mortgages being issued. They could buy a subprime loan and sell it for a … Continue reading
San Jose CA – Everyone gets scared when they can’t pay a debt. “Am I at risk of going to jail? Will my friends find out? Will the bank sue me and take everything I own? Will they garnish my … Continue reading
San Jose CA – Today, I’m going to give you the step by step instructions on how to avoid paying your lender after a short sale. These steps can also be used to avoid paying on any other debt, such … Continue reading
San Jose CA – Most short sales will end up in your walking away owing nothing. However, some lenders will not release you. They have firm policies in place and will not change them for any reason. Here is what … Continue reading
San Jose CA – We’ve been discussing Wall Street owned loans and “sliced and diced” loans for a couple of days. The owners of these loans are different from Fannie Mae, Freddie Mac, FHA, and VA. They are not as … Continue reading
San Jose CA – There are two things I am going to discuss in today’s blog post. 1. How to determine if your loan is owned by Wall Street. 2. If you loan is owned by Wall Street, then how … Continue reading
San Jose CA – Bear Stearns was a survivor. It survived the Great Depression without laying off any employees. It survived World War II, and 9/11. What killed it off during a time of peace and relative stability? Discover how … Continue reading
San Jose CA – It was very easy to get a mortgage when the housing market was hot. There are many speculations as to why that happened. Here is something most people don’t know. All the traditional rules for risk … Continue reading
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