One of every five U.S. homeowners owed more on their mortgage than their home was worth in the fourth quarter, real estate Web site Zillow.com said on Wednesday.
Real estate – Zillow.com – United States – Business – Business and Economy
Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can’t pay its mortgage. That’s good business.
Tishman Speyer Properties – Business – United States – Financial Services – Mortgages
OK I’m upping the ante here with some techno-speak. But I’ll try to make it as simple as possible.
YIELD is the percentage or dollar return on investment. For example,
if you buy a bond for $1,000 and the interest rate is 5%, the yield is 5%.
You are expecting to receive $50 per year in interest, which [...]
Many Thanks to Sal for pointing out the statute from California.
It is time to use the presence of MERS on the originating loan paperwork as an OFFENSIVE TACTIC. Most states have some version of the statute below. It is simply common sense. A creditor is not a creditor unless they are owed something. A [...]
Dist Ct. Case No. 2-09-CV-00661-KJD-L
Bankr. Ct Case No. BK-S-07-16645-LBR
MERS_Hawkins-DistCtAffirmsBK
Appeal by MERS from Bankruptcy Court decision denying MERS’ motion for lift of automatic stay in 18 cases. Affirmed by District Court.
The significance of this decision is that it gives a simple explanation for the findings by dozens of other judges. Here are the salient points of [...]
