When I opened the drive report and saw the photo I couldn’t believe my eyes. …
Browsing: Loan modification
Many people have money set aside that can help them buy a home or save…
Unless you’ve been living under a rock the last few years, you are well aware…
What if you had a home modification law that everyone ignored? In its 2009 legislative…
Commercial real estate owners who are considering hiring an attorney to handle their commercial loan modification should investigate the background and experience of the person they hiring so that they know in advance what to expect.
In my experience as a commercial loan modification specialist I have found that many attorneys who advertise themselves as commercial loan modification attorneys actually have very little experience performing successful loan workouts. Unfortunately, as many people know, there is an over supply of attorneys in the United States. This forces many lawyers to follow the latest and hottest trends in order to get new business and survive. You may see the same people who used to do accident and injury work now advertising their services as loss mitigation specialists because it has become such a needed service. For this reason the commercial real estate owner should definitely do their homework and research the actual experience of the person they are hiring.
We’ve all heard the saying that opportunity only knocks once.
Do you feel like you missed the boat?
Many investors that were not prepared for this current historic market of record low prices and interest rates feel that their boat has set sail and they did not get a chance to participate.
American author Louis L’Amour said it best. He said, “Some say opportunity knocks only once. That is not true. Opportunity knocks all the time, but you have to be ready for it. If the chance comes, you must have the equipment to take advantage of it.”
Well, I have good news for you my friends. Another wave of foreclosures is coming and you have some time to prepare for it. The historic market you think you missed is coming back and better than ever.
So Winston, where is this second wave of foreclosures coming from?
The 2nd wave of foreclosures is coming due to the following 4 reasons:
Buyer beware: The alleged crooks are back! And, they are after YOUR money; and getting it.
An eye opening account in the New York Times is a must read for anyone who is seeking a mortgage modification.
The article talks about how many of the very same people who seeded the current financial crisis with subprime mortgages are now going into the mortgage modification racket.
That’s right—the same people who often knowingly brokered subprimes to people they knew–or should have known–could never afford them, are now offering, for an upfront fee, of course, to get those subprime mortgages altered to be more affordable.