It should be no surprise to anyone who keeps current on the news that falling real estate prices are one of the major causes of the current bank crises. According to the February 6, 2009 Economic Letter released by the Federal...
Read MoreExamining the income and profit reporting for the seller-in-foreclosure when the price received for the property is less than the balance due on loans encumbering the property.
Read MoreA heads up for brokers out there looking to facilitate the cramdown of loans: on January 8, 2009 Fannie Mae and Freddie Mac extended the moratorium on foreclosures until the end of January a factor which will delay cramdown...
Read MoreThe Department of Real Estate (DRE) has a new interactive toll-free telephone number: 1-877-373-4542. The new telephone number has an automated system which allows licensees, examinees, and members of the public to determine the...
Read MoreA cramdown plan is introduced In order to help control the surge in mortgage foreclosures across the nation, Citibank reached an agreement with lawmakers to support a bill giving bankruptcy judges the ability to cram down...
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