Second wave of foreclosures looming

November 19, 2009 By BankSlayer Leave a Comment

As reported by Stephanie Armour in USA Today, the next wave is poised to roll in, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices. These homes largely represent loans that are delinquent but have not yet resulted in foreclosure sales. About 7 million properties are [...]

Filed Under: Blog for Homeowners Tagged With: Amherst Securities, Asset write-downs, forensic audit, Jumana Bauwens, letters of declining value, Loss Mitigation Company, Moratoriums, mortgage audit, retro appraisal, Stephanie Armour, Texas Foreclosure Law, Texas Foreclosure Procedure, USA Today

Can a Retro Appraisal Save the Day?

November 2, 2009 By Homeowners Hero 2 Comments

So-called “retro appraisals” are the latest tool at the disposal of lawyers looking to fight off foreclosure and obtain a favorable loan modification or a short sale for their clients. “The theory is that the financing was based upon a questionable appraisal which the lender approved without proper oversight,” a RetroAppraisals.com release said.  “Mortgage brokers, real estate agents, and lenders had [...]

Filed Under: Blog for Homeowners Tagged With: BPO, historical value, holder in due course, mortgage audit, retro appraisal