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New Tactics in these Trying Real Estate Times
The thought of getting something else besides the house when you buy a house is not original. In San Diego last summer there was even a real estate developer that offered a “buy two houses for the price of one” deal. So an Arizona home builder giving away a free Bentley when you buy the [...]
Continue reading...What is a Mortgage Modification – 5 Common Questions Answered
17. December 2008
A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. Question 1: In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances? Answer: [...]
Continue reading...KB Toys Bankrupcty Filing the Second in Two Years
12. December 2008
The latest company to take a hit from the economy is KB Toys. KB Toys filed for bankruptcy for the second time in four years. The 80-year old company based in Pittsfield, Massachusetts, operates 460 stores including several in Arizona and reported total debt between $100 million and $500 million, with total assets in the [...]
Continue reading...Metropolitan Phoenix Ranks No. 1 in House Price Drop
30. October 2008
All cities are being hit with the plummeting of their housing market. Now metropolitan Phoenix is in the forefront of the list of cities which is according to the S&P/Case-Shiller Home Price Index. From August of last year to this year, the homes in the Valley dropped in price at about 30%. This drop in [...]
Continue reading...Seniors are Filing Bankruptcy More Often
13. October 2008
Even at age 80, some may feel bankruptcy is the only answer. Ada Noda found she was no longer was able to work as bills continued to grow. Statistics are showing that Bankrupty filing by those under 55 has decreased. But senior bankruptcy filing is on the rise.
Continue reading...Wamu Chapter 11 Bankruptcy Case
3. October 2008
Lawyers for Washington Mutual Inc. and its bondholders stood before a Delaware bankruptcy court judge on Friday to haggle over assets – including $5 billion in cash – and set timelines for the organized downfall of what was once the nation’s largest savings and loan. On the first day of hearings in the Chapter 11 bankruptcy [...]
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10. February 2009
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