http://www.MyEliteLending.com
Jupiter FL Mortgage Banker and Broker Danny Poulos discusses how Zillow can kill real estate sales
Duration : 0:3:0
http://www.MyEliteLending.com
Jupiter FL Mortgage Banker and Broker Danny Poulos
Daniel Poulos discusses mortgage fraud with WPBF ABC-TV News
Duration : 0:2:7
The U. S. subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages. The ratio of lower-quality subprime mortgages originated rose from the historical 8% or lower range to approximately 20% from 2004-2006, with much higher ratios in some parts of the U. S. A high percentage of these subprime mortgages, over 90% in 2006 for example, were adjustable-rate mortgages. These two changes were part of a broader trend of lowered lending standards and higher-risk mortgage products. Further, U. S. households had become increasingly indebted, with the ratio of debt to disposable personal income rising from 77% in 1990 to 127% at the end of 2007, much of this increase mortgage-related.
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Duration : 0:2:11
Learn more http://www.introabc.com The banks have been caught committing mortgage and foreclosure fraud
Duration : 0:5:29
Get 20 Questions to ask mortgage lenders and much more before you even pick up the phone to them. Mortgage Education Seminars is not affiliated with mortgage lenders, realtors or brokers. Our company educates the public how to qualify themselves for a mortgage that they will be able to pay off and own a home, while they pay their bills… We start with 20 questions to ask mortgage lenders… and there is so much more. Please visit our website to find out more. There is no beating around the bush with this course. The information is life lasting. Go to www.mortgageeducationseminars.com and click on our “Easy Llink” to see just how simple it is to get our information.
Duration : 0:1:15
http://www.RealEstateInvestorTV.com offers free real estate investor and investing training, tips, articles, videos and more. Learn how to make money with real estate, flip houses, REO, short sales, wholesale real estate and more. Real estate mentor and coach.
Duration : 0:8:34
http://realestatemarketingthisweek.com – New Fannie Mae Streamline Loan Modifications may do more harm than good
Part 5 –
We do realize that there are situations that people are in that they want to be out of and we want to move past. We have back in the studio, the author of Real Estates Future also the author of The Foreclosure Sharks white paper, a fantastic manual that he has put together that you can get for free. Dan Havey thank you very much for coming back. You can get a copy of the white paper The Foreclosure Sharks at http://mortgageanswerman.com.
So Dan I know that you have brought the just recently released new Fannie Mae, Freddie Mac guidelines, with their streamlined modification process. This is the kind of thing where the consumer can go and do-it themselves, right?
Yes, except that we would certainly advise against that. These are the guidelines that Fannie Mae came out with; they are effective as of a couple weeks ago now. But with Christmas and the holidays I dont think a whole lot of people have figured out what this is all about yet. So as we said in the last segment the guidelines that they have come out with here, and what I have is a print out but I dont know that this is the whole thing because I have heard some commentary on this that actually says that it is much worse then I am about to relay to everyone on the air.
I am just going to pick out a couple points about this and then I will let Michael laugh about them because some of these things are just crazy in the fact that it doesnt really help the home owner and I also dont think it is going to move us past the conditions we have to get people some really good loan modifications, the kind of loan modifications that we are talking about where you actually employ an attorney to help you with your loan modification.
The reality of it is we need to get through this mess we dont need to stave it off, push it out further and in my opinion that is what this does. That is exactly what is going on here, there was an article I was reading by Fitch, which is one of the major bond rating firms and that is exactly what they said. They said that the alt-A arms are all coming back to roost now, I think the default rate was over 14% on all alt-A arms, being at least 90 days past due. And the comment in the article was something like, well we havent really seen a lot of losses from it yet and then it said in a caveat at the end, and we think its because they are not really foreclosing on any of these guys yet, so that is why they havent seen any losses. Well if you keep pushing it off into the future eventually you are going to have to see some of these losses.
We have the same thing here with Fannie Mae, which I think it is just another band-aid; it is not going to really solve the problem. First what they have here, and this one is pretty benign, that once they give you the new mortgage payment you have a three month trial period. If you make the payments during that trial period they let you keep the modification. So that one is not so bad.
The next one says that the qualified borrower cant be in litigation, bankruptcy, or have an existing work out plan, and you have to be at least 3 months behind or in foreclosure in order to be eligible for this streamline.
Ok I get to comment right? SO basically what Fannie Mae and Freddie Mac just told everyone, according to this that I am reading right here, Fannie Mae and Freddie Mac just told you to be 90 days late on your mortgage. That is exactly right, they said that the only way they were going to be able to help you was to be 90 days late on your mortgage.
So I have been, over the past several months, heck Dan you helped us put together the package, you are the cofounder of the modification hotline and I am on the radio every week when we do a little blip about load mods from time to time, saying dont trust anybody who tells you to be late on your mortgage. First of all no loan professional, no mortgage professional, no loan modification specialist will tell you to be late on your mortgage, however, Fannie Mae and Freddie Mac just said you need to be at least 90 days late on your mortgage if you want them to help you.
Duration : 0:6:53
http://www.themurraygroup.biz/
40 Pleasant Hill Blvd Franklin Ohio 45005. $137,900
This is the one that you have been waiting for. A newer construction home with full basement located close to Dayton and Cincinnati. You will be impressed from the moment you come through the front door and see the generously sized living room features cathedral ceilings. The kitchen boasts 2 eat at breakfast bars, an eat in kitchen, as well as a morning room/sun room. The sun room has large decorative windows for a lot of natural light. The morning room leads out to the newly constructed deck that is huge and wraps around the back of the deck. The back yard boasts no neighbors on the north side of the house which makes for a much larger yard to play in. This home also boasts a full basement that is plumbed for a full bath and is ready to be finished to your liking. There is also an addition area in the basement that would be perfect for a theater room. The master bedroom has a private makeup area and good sized walk in closet as well. Check out the HD Video Showing online.
Great newer construction home in Frankln.
Franklin welcomes you and is located between Dayton Ohio and Cincinnati Ohio.
Duration : 0:10:0
San Diego Foreclosure Home for sale Chula Vista Otay Ranch Community Real Estate. To Capitalize on the recent foreclosure market boom in Sunny San Diego go to www.TheTeamFloresAdvantage.com. We have access to every listing in San Diego: Short Sales, Bank Owned / Lender Owned Foreclosures fixer-uppers & 2nd homes.
Duration : 0:2:31
http://www.PropertyInvestmentPros.com/ Foreclosure expert, Patrick Arena explains 7 ways to avoid foreclosure and even keep your house.
Duration : 0:5:2