What amount of beneficial interest triggers the due-on-sale clause?
With the rise of interest rates, lender use of the due-on clause to interfere with sales solely to increase portfolio yields…
Read MorePosted by ft Editorial Staff | Nov 30, 2011 | Interest Rates, Letters to the Editor, Real Estate |
With the rise of interest rates, lender use of the due-on clause to interfere with sales solely to increase portfolio yields…
Read MorePosted by ft Editorial Staff | Oct 31, 2011 | Finance, Real Estate |
Do you believe negative equity homeowners should be allowed to make hardship withdrawals from their 401(k) to make payments on a mortgage loan in default? Yes (58%, 106 Votes) No (42%, 78 Votes) Total Voters: 184 Can the...
Read MorePosted by ft Editorial Staff | Oct 4, 2011 | Feature Articles, Finance, Real Estate |
This article continues our series on shortsales and examines the cash-for-shortsale program banks have begun to offer to select groups of underwater homeowners as an alternative to foreclosure.
Read MorePosted by ft Editorial Staff | Sep 30, 2011 | Feature Articles, Real Estate |
Part II of this article series examines the pedigree of a true “short sale specialist” and highlights the many tedious aspects of qualifying a negative-equity homeowner for a short payoff with his mortgage lender.
Read MorePosted by ft Editorial Staff | Sep 29, 2011 | Feature Articles, Real Estate |
Part I of this article series details the process of qualifying a negative-equity homeowner for a short payoff, setting the sales price at the broker price opinion (BPO) and submitting a purchase agreement to the lender for appraisal and closing conditions, with a brief discussion of tax aspects of a shortsale and alternatives.
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