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August 9, 2012

Homeowners Settlements, Shortsales and Modifications Opportunities Arise for Investors

81 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Whether it is in Bankruptcy Court, Federal Civil, or State Civil, the trend is obvious — more and more cases are being settled, modified or otherwise resolved outside the courtroom. In some cases, the settlement is relatively easy, with the pretender lender agreeing to sharp principal reductions and long term paybacks at low fixed rates. …

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Bloomberg: States and Litigants Pressure Banks, Foreclosures Are Dropping

6 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

We can’t say the tide has totally turned but we definitely changed the course of the ship of foreclosures. By fighting tooth and nail across the nation, we and others like us are drawing blood in litigation, legislation and other efforts. The multi-state settlement has not been the reason. If anything it was meant to …

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