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Multi-million dollar foreclosures

Look at these Multi-million dollar foreclosures. Foreclosure is no respector of income, neighborhodd, etc. These homes are beautiful and amazing. http://money.cnn.com/galleries/2012/real_estate/1202/gallery.multi-million-foreclosures/?iid=Popular   Share with Facebook – Tweet – LinkedIn Hide Sites

QUASI-RELIGIOUS RESISTANCE: HUD Secretary Blasts Fannie, Freddie: via HuffPost

http://www.huffingtonpost.com/2012/02/16/shaun-donovan-fannie-mae-freddie-mac-mortgage-write-down_n_1283020.html This is supposed to be the beginning of mortgage write downs for homes in foreclosure. However if HUD can’t get Fannie and Freddie to cooperate and they are essentially governmental agencies, I don’t know how much this is going to work. Short sales seem to be the best foreclosure work out now. If there [...]

Rate on 30-year mortgage stays at record 3.87 pct

http://m.chron.com/chron/db_273437/contentdetail.htm?contentguid=RaNPBzLX Great time to refinance or purchase. Even rates for investment properties which cab be used to purchase foreclosures are at 4%. To purchase a foreclosure as investment property you typically have to put 20% down. However, the Rental market has never been stronger. Share with Facebook – Tweet – LinkedIn Hide Sites

Foreclosure Fire Sale: Will Bulk ‘REO to Rental’ Program Fly? | AOL Real Estate

http://realestate.aol.com/blog/2012/02/15/foreclosure-fire-sale-will-bulk-reo-to-rental-program-fly/ Share with Facebook – Tweet – LinkedIn Hide Sites

Foreclosure Settlement Not Applauded by Banks…and Me Too

Great Article Concernging the Floreclosure Settlement that I was Interviewed about the other day on ABC 13. The Deal Is Done, but Hold the Applause By GRETCHEN MORGENSON FIVE big banks finally reached a deal with government authorities last week over dubious mortgage practices and foreclosure abuses. After months of talks, Ally Financial, Bank of [...]

Servicers to Meet with Officials Wednesday to Discuss Settlement

From DSNews.com After reports that the timeline to iron out final details of the robo-signing settlement is “ambitious,” representatives from several major servicers, attorneys general, and some federal regulators are said to have a meeting planned for Wednesday, marking their first face-to-face discussion of terms. According to the Wall Street Journal, officials from Bank of [...]