I have been told by some bank presidents that what they do with their loans depends on whether they originated it in house or bought it with a loss share agreement with the FDIC.With the FDIC they are guaranteed so many cents on the dollar on the loan and they have told me that the FDIC doesn't require them to do anything with the loan until 2014.So investors offering to buy at market for 50% on the dollar from original balance are being rejected as the FDIC is guaranteeing the bank 80 cents from original balance.Many banks are in a "wait and see" approach and are hoping for some recovery of pricing assets but knows a full recovery on the balance sheet is not possible from original loan balances funded during the boom.So each banks situation is different and you have to take advantage in the time period of being vulnerable.I have learned this on my deals with clients and myself.Once you get an approval on a low price with a specific asset manager or board member you have to close it fast.

They Google'd the question or read the balance sheet cost to banks, which was $77k and is not the same as your question, I would presume.

So you take the outstanding principal balance X 15% to get your annual interest.

Marketing by telephone can provide an acceptable balance between these two modes of communication.

All the money from your extra jobs and extra house will go to pay off the lowest balance and it will be amazing how fast it's all paid off.

If I were to receive money down of say 10k (probably less) and I held a note for the balance, if I went to a note buyer what rate would they likely be able to offer.

Looks like Biden is Obama's VP choice.A safe bet that adds foreign policy experience and balances out Obama's lack of experience.

Suppose someone bids 170k at the foreclosure auction - I understood that the first is paid off, and the seconf is paid off, and even Mechanics Lien paid off and the balance (15k) is due to the HomeOwner.1.

This includes repairs needed, mortgage balance, etc....pretty much anything you will need to know about the property.

The purpose of this clause is that if you are sitting on a large sum of money, they are reserving the right to go after you for the deficiency balance.