A major reason so many have fallen out of the program is the Obama administration initially pressured banks to sign up borrowers without insisting first on proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out. via nytimes.com #facepalm Permalink | Leave a comment » […]
Summary: Another large number of trial programs were cancelled. This will mean more foreclosures (or short sales) in the near future. A large number of borrowers are still in modification limbo, so there will probably be more cancellations coming. The program is winding down quickly (only 15,000 new trials started in June). The borrowers DTI characteristics […]
So when does it make sense to lower the price? Trulia’s Tara Nelson offers the following five tips: Multiple listing agents have recommended listing the home at a lower price. Feedback from the buyers’ agents suggests the home is overpriced. The home isn’t getting any showings, even though it’s marketed well. The home has sat on the market far longer than ot […]
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