Over the past two weeks our law firm has seen a new trend in our market. We are seeing the real estate investors who bought large numbers of property, finally start losing their ability to pay. The typical scenario and facts are these: 1. They are current on their primary residence, and they have not necessarily had an event of hardship, such as a job loss, divorce, health issue or otherwise. 2. The amount of rent or the availability of renters has evaporated. ( that’s the reason for the in ability to pay) 3. They may have up to 5 or 6 properties in the same situation What are you seeing the Servicers, Investors and MI companies do? a. Are they allowing participation in Short Sales? b. Are they allowing for loan modifications? c. Are they allowing participation in Deed in Lieu of Foreclosures? d. Are they pursuing a deficiency or requiring promissory notes I know this is a broad question, and I worded it that way to provoke responses...

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