Study Buoys Mortgage Modification – WSJ.com Cutting financially troubled borrowers’ monthly mortgage payments by more than 10% reduces the chances that they will fall behind again after their loan is modified, a study found. While modifications that result in lower payments are increasing, nearly half of all loan workouts still result in the same or …
Author Archives: Administrator
Separated by a Common Tongue: Foreclosures Trap Translators in Middle
Separated by a Common Tongue: Foreclosures Trap Translators in Middle For years, interpreter Yu Ching ended many calls by saying, “Congratulations. You have been approved,” as she helped credit-card companies and mortgage lenders reach a growing share of the Mandarin-speaking market in the U.S. But on a recent morning, the call-center interpreter didn’t have the …
Continue reading “Separated by a Common Tongue: Foreclosures Trap Translators in Middle”
Dade Bulk Condo Opportunities Abound
Dade Bulk Condo Opportunities Abound Bulk purchases in the local residential condominium market, where inventory is believed to have ballooned to 40,000 units, have been few and far between thus far in 2009. However, plenty of opportunities to buy blocks of units exist that many investors simply aren’t aware of yet. More than 200 condo …
Tampa Bay area apartment complexes see gloom but renters see deals
Tampa Bay area apartment complexes see gloom but renters see deals Like gas stations undercutting each other to the tenth of a penny, the apartment complexes up and down Gunn Highway are bidding for business. Marbrisa and nearby Lofton Place have been advertising $100 move-in specials. Across the street, St. James Crossing offers $99. And …
Continue reading “Tampa Bay area apartment complexes see gloom but renters see deals”
Mortgage protection in case times get tough
Mortgage protection in case times get tough Melissa Sparks is a bit nervous about making the biggest investment of her life during the worst economic crisis since the Great Depression. So she plans to pay a one-time fee of $525 for a security blanket when she buys her first house. A program offered by her …
Continue reading “Mortgage protection in case times get tough”
Understanding the ’08 and ’09 Home Buyer’s Credits
Understanding the ’08 and ’09 Home Buyer’s Credits Does the tax credit for first-time home buyers need to be repaid? I have heard different stories and need to have this clarified. My son recently bought his first home. Will he receive a check for the credit, and, if so, when will he get the money? …
Continue reading “Understanding the ’08 and ’09 Home Buyer’s Credits”