Real estate reporter Lauren Beale says even the rich are finally having to cut their prices. And she says there are are lessons for everyone in the mistakes of Leona Helmsley. Read more at bit.ly
High-end home sellers lower their sights
February 20th, 2010![[Bloglines]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/bloglines.png)
![[del.icio.us]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/delicious.png)
![[Digg]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/digg.png)
![[Facebook]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/facebook.png)
![[Furl]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/furl.png)
![[Google]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/google.png)
![[MySpace]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/myspace.png)
![[Propeller]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/propeller.png)
![[Reddit]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/reddit.png)
![[Squidoo]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/squidoo.png)
![[Twitter]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/twitter.png)
![[Email]](http://www.abcloanmodifications.com/blog/wp-content/plugins/bookmarkify/email.png)
Second Mortgage Crisis 60 Minutes (Finance)
February 20th, 2010New Home Loan Modification Rules on the Horizon
February 20th, 2010* All servicers will be required to get financial documentation first. * Only 13 percent of trial modifications have become permanent. * Servicers that got accurate financial information had higher conversion rate. If you want to get a modification to prevent foreclosure, soon you will have to supply financial documents upfront — including paycheck stubs and an income tax form. The new loan modification requirement is the latest update in the Obama plan to reduce home foreclosure. HAMP — the Home Affordable Modification Program — is designed to help homeowners who can no longer make their mortgage payments. If homeowners meet a long list of eligibility requirements, they can have their mortgages modified with lower monthly payments. Each HAMP modification is done in two stages. First, there is a trial modification that usually lasts three months. If the homeowner makes those three payments on time, and meets all the eligibility rules, the modification is made permanent. www.bankrate.com
Should you pay off your mortgage first?
February 19th, 2010Should you pay off your mortgage first or save for retirement at the same time? It can be a good idea to do both at the same time as its too hard to save saving later - but you should understand the implications of paying off your mortgage before you make the decision. Lisa Dudson explains.
Anderson Says Price Bottom in Commercial Real Estate: Video
February 19th, 2010Feb. 19 (Bloomberg) — Matthew Anderson, a partner at Foresight Analytics, talks with Bloomberg’s Betty Liu about the commercial real-estate market. Anderson speaks from San Francisco. (Source: Bloomberg)
Four Indicted In Mortgage Fraud Investigation
February 19th, 2010Boston Loan Modification | Loan Modification MA
February 19th, 2010massachusettsbankruptcyinfo.com Educating yourself about Boston loan modification is an important first step. Call (857) 244-1940 to get a free review from Boston loan modification attorneys.
Burns Says `Shadow Inventory’ May Threaten Home Prices: Video
February 18th, 2010Feb. 18 (Bloomberg) — John Burns, president of John Burns Real Estate Consulting Inc., talks with Bloombergs Betty Liu about the implications of what he describes as a “shadow inventory” of homes risking foreclosure. Burns, speaking from Irvine, California, also discusses the potential effects of an increase in mortgage rates and the outlook for the US housing market. (Source: Bloomberg)
Dudley Do-Right and the Mortgage Crisis!!
February 18th, 2010Ever wonder what Inspector Fenwick and Dudley would do if the RMC was heavily mortgaged by Snydly Whiplash . . . ask for a bailout, do a Freddie Mac — see just what Do-Right does when Snydly forecloses - IN.