Comments on: A New Wave of Mortgages Set To Default http://www.realestateindustrywatch.com/a-new-wave-of-mortgages-set-to-default/ Real Estate News - Free and Up to the Minute Wed, 08 Feb 2012 11:33:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Alex Cortezhttp://www.realestateindustrywatch.com/a-new-wave-of-mortgages-set-to-default/#comment-524 Alex Cortez Sat, 25 Sep 2010 01:15:15 +0000 http://www.realestateindustrywatch.com/?p=523#comment-524 It's amazing that many people took out these mortgages yet still don't fully realize what it entails. The wave of short sales that will soon hit the market will destabilize the market further (hopefully banks are building an adequate infrastructure to handle this). It’s amazing that many people took out these mortgages yet still don’t fully realize what it entails. The wave of short sales that will soon hit the market will destabilize the market further (hopefully banks are building an adequate infrastructure to handle this).

]]> By: Dan Purocleanhttp://www.realestateindustrywatch.com/a-new-wave-of-mortgages-set-to-default/#comment-523 Dan Puroclean Sun, 01 Nov 2009 17:57:32 +0000 http://www.realestateindustrywatch.com/?p=523#comment-523 That's not a comforting thought. Scores of homeowners who thought they'd cut a deal with their banks to sell their houses for less than their unpaid mortgages are seeing those agreements fall apart months later, contributing to the mounting foreclosures that threaten the housing market's recovery.Just 23% of short-sale offers that homeowners receive from potential buyers actually close, according to a February study of 1,300 real estate agents by Campbell Communications. More than 90% of agents cited a slow response from the lender as the reason short sales were lost. That’s not a comforting thought. Scores of homeowners who thought they’d cut a deal with their banks to sell their houses for less than their unpaid mortgages are seeing those agreements fall apart months later, contributing to the mounting foreclosures that threaten the housing market’s recovery.

Just 23% of short-sale offers that homeowners receive from potential buyers actually close, according to a February study of 1,300 real estate agents by Campbell Communications. More than 90% of agents cited a slow response from the lender as the reason short sales were lost.

]]> By: Janethttp://www.realestateindustrywatch.com/a-new-wave-of-mortgages-set-to-default/#comment-522 Janet Fri, 02 Oct 2009 17:12:22 +0000 http://www.realestateindustrywatch.com/?p=523#comment-522 many realtors aren't into doing short sales or don't know how. they're gonna lose a big part of the business if they don't learn quick. it really is a tool that every realtor should know, regardless. many realtors aren’t into doing short sales or don’t know how. they’re gonna lose a big part of the business if they don’t learn quick. it really is a tool that every realtor should know, regardless.

]]> By: Mikehttp://www.realestateindustrywatch.com/a-new-wave-of-mortgages-set-to-default/#comment-521 Mike Fri, 02 Oct 2009 14:15:22 +0000 http://www.realestateindustrywatch.com/?p=523#comment-521 Great comment Robert. i totally agree with you Great comment Robert. i totally agree with you

]]> By: Robert Worthingtonhttp://www.realestateindustrywatch.com/a-new-wave-of-mortgages-set-to-default/#comment-520 Robert Worthington Wed, 16 Sep 2009 16:04:47 +0000 http://www.realestateindustrywatch.com/?p=523#comment-520 Shocking but true post. I'm sick and tired of people not doing their own due diligence and having tax payers pay their way. People need to fail & have their entire world flipped upside to learn. Learn what you ask? LIVE YOUR WAGE AMERICA! Shocking but true post. I’m sick and tired of people not doing their own due diligence and having tax payers pay their way. People need to fail & have their entire world flipped upside to learn. Learn what you ask? LIVE YOUR WAGE AMERICA!

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