Long Island Real Estate Appraisers

Topic Page | Loan Modifications

December 8, 2011

Comments Off on There is No Limit to Idiocy


Loan Modifications

There is No Limit to Idiocy

idiot

What happens when you get two idiots in a fur covered van?  A movie called dumb and dumber.  Very funny indeed. What happens when you get 485 idiots in one city?  Congress, that’s who. Case in point – the conforming loan limit.  Leading the jester parade is Robert Menendez (D) New Jersey. What the reversal […]

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December 5, 2011

Comments Off on The Obtusely Obvious Advice of the NYT


Housing Market Stats, Loan Modifications, Mortgages, Selling Real Estate

The Obtusely Obvious Advice of the NYT

housing-marketing-moving-at-a-snails-pace

So the new breaking news from the NYT is that 79% of the mortgages that were closed in 2011 were refinances. That would make sense, wouldn’t it?  I mean, there is very little selling and the economy is on life support so how else could there have been originations? Not to mention the fact that […]

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December 4, 2011

Comments Off on The NYT is at It Again


Loan Modifications, Miscellaneous, Mortgages

The NYT is at It Again

stack-of-newspapers

Oh the New York Times is at it again stating the obvious and distorting effects. There is no question that the NYT is a left leaning organization. In fact, before I get started with the facts of the matter in question, I am going to rail a bit about journalism in order to blow off […]

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November 19, 2011

Comments Off on Every Crisis Presents Opportunity, You Just Have to Be Careful About the Opportunist


Loan Modifications, Miscellaneous

Every Crisis Presents Opportunity, You Just Have to Be Careful About the Opportunist

opportunist

For every crisis there is opportunity.  During world WWII, one of the great cons ever was counterfeit ration cards. Today, there is a big opportunity to con desperate people with regard to their mortgage. Companies such as these approach unknowing homeowners promising “foreclosure rescue” and “securitization audits” as well as other mortgage modification schemes. There […]

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November 18, 2011

Comments Off on A Case of Hypocracy


Loan Modifications, Miscellaneous, Mortgages

A Case of Hypocracy

scales-of-justice

As part of the negotiations in the robo-signing scandals, HUD is demanding that bankers use principal reduction in order to modify the mortgages of underwater mortgage holders. Those bad, bad bankers should be taught a lesson, right? They should be forced into remedies on defaulted upon contracts that clearly spell out the remedies agreed to, […]

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