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Chapter 13 Is The Best Option In A Down Market
I speak to property owners, realtors and mortgage brokers often, sometimes daily. Here’s the latest picture. Very few homeowners have enough equity to qualify for refinancing or for selling to make sense (because they won’t even break even). Properties are not moving. They are sitting on the market for 6 to 12 months. Deed in […]
Solutions To Review With Your Lawyer
The NY Times published an article about the foreclosure crisis. About 500,000 loans are expected to go into default in the US soon. I have been helping many clients evaluate various options, including refinancing, forbearance agreements, loan workouts (settling with the lender), Chapter 13 bankruptcy repayment plans, short sales, straight sales, and leasebacks. Unfortunately, some […]
Chapter 13 Is The Best Option In A Down Market
/in Foreclosure & Loan Mod Blog /by Scott LaninI speak to property owners, realtors and mortgage brokers often, sometimes daily. Here’s the latest picture. Very few homeowners have enough equity to qualify for refinancing or for selling to make sense (because they won’t even break even). Properties are not moving. They are sitting on the market for 6 to 12 months. Deed in […]
Solutions To Review With Your Lawyer
/in Foreclosure & Loan Mod Blog /by Scott LaninThe NY Times published an article about the foreclosure crisis. About 500,000 loans are expected to go into default in the US soon. I have been helping many clients evaluate various options, including refinancing, forbearance agreements, loan workouts (settling with the lender), Chapter 13 bankruptcy repayment plans, short sales, straight sales, and leasebacks. Unfortunately, some […]