Borrower spends on lingerie ... should they get a loan mod? | REwired

Borrower spends on lingerie ... should they get a loan mod? | REwired

Applied Service Group and Brij Capital merge forces

FOR IMMEDIATE RELEASE March 25, 2013

(New York, NY) With the growing number of property owners with commercial buildings falling into default because of the economy, prices are currently 42% below the 2007-2008 peak. The principals of Applied Service Group and Brij Capital have combined their efforts to assist these owners through various loan resolutions.

Pop the Bubble of a Commercial Loan Balloon

Millions of commercial mortgages are either still underwater or have large balloon payments due. Commercial mortgages originated prior to 2008 were structured with a balloon payment which was a popular option during that time.

For those not familiar with the term, a balloon payment is a large payment due at the end of a mortgage or loan. Since the payments are not spread out over the full term of a normal 30 year mortgage,

Don't go into a Gun Battle with a Butter Knife (Part 2)

If your like millions of Americans still trying to get a loan modification, you can identify with the frustrations of your lender losing documentation and not returning phone calls. Unfortunately your bank is not your friend and you have to fight to get the best terms for your modification.

In a previous post, click here to read, I showed you how to properly package your documents and get it into the right hands at your lender to get you modified. Without getting your loan modification submitted correctly in the first place, you will join the legions of thousands of homeowners running around in a circle.

3 Reasons Why Realtors Need a Good Negotiator

Now that the real estate market is looking to flatten out and it has reached it's rock bottom, lenders are looking to get rid of all of the shadow inventory clogging the foreclosure pipeline.

For the first time in over four years, the loss mitigation departments at the lenders and servicers are starting to streamline the short sale process and take offers below what they are owed. This means millions of properties are going to come into the real estate market. This is good for buyers and realtors.

Servicing, lending rules prompt hunt for compliance experts | HousingWire

Servicing, lending rules prompt hunt for compliance experts | HousingWire

Five Easy Steps to Modifying Your Loan

The housing crisis has been hitting homeowners hard since 2007. The number of homeowners facing foreclosure is staggering. Nearly 15% of homes are in some sort of foreclosure proceeding. One out of three homeowners are “underwater” in the value of their home, meaning they owe more than what their property is worth.

COMMITTED: Freddie Mac aims for 75% reduction in short-sale timelines | REwired

COMMITTED: Freddie Mac aims for 75% reduction in short-sale timelines | REwired

A Smart Short Sale Guide for Dummies Part #1

A Short Sale is a process during a pre-foreclosure procedure, whereby the bank will accept a lower percentage amount of the face of the loan, as well as deduct the interest and penalties, due to the financial hardship of the homeowner.

Why Banks are Finally Finishing their Loan Mods?

There are some other facts that explain why lenders are actually in favor of working with borrowers and their legal specialists in order to negotiate equitable loan modifications.

Beware of these Pitfalls When about to do a Short Sale!

You can represent the seller or homeowner in distressed situations like this one, as long as you are purchasing the property yourself. The main thing you need to do is ask yourself these questions.

We Answer Your Tough Loan Modification Questions

What is a Loan Modification?
In simplest terms, a loan modification restructures the terms of a loan without actually refinancing the property it secures. Investopia defines a loan modification as an agreement between the lender and the borrower which stipulates a long term relief from untenable loan terms. Modification of a loan applies to the terms governing the interest rate, the amount of the monthly payment, and in some cases also the length of the loan.