Josh Talayka | March 21, 2011
Last year lawmakers presented a bill that would require lenders to retain cash reserves equal to 5% of the value of all the mortgage loans they originate. By having 5% of their own money at stake, the idea of the bill was that lender’s would be less likely to loan to borrowers who were a high risk of default.
Josh Talayka | March 16, 2011
According to Fannie Mae and Freddie Mac; mortgage loans that were originated in 2009 are some of the most secure and best performing loans that we’ve seen over the last several decades.
Josh Talayka | February 22, 2011
When making the decision to walk away from your home (whether a strategic walk-away or hardship), the first question always asked is; why bother going thru a short sale, rather than just letting the bank foreclose? Although to most a short sale may be the obvious choice, the answer may vary depending on a person’s individual circumstance. However before making the decision, you should always take into account all the future ramifications of your decision. Here is a simple comparison chart of the different ways a foreclosure vs. a short sale will affect you in the years following your decision:
