1st mortgagee, PHH is requiring Citi, 2nd Mortgagee to provide Deficiency Waiver. PHH is giving defiency waiver. Borrower is investor recently discharged from bankruptcy. Citi, who is getting the usual $6,000 says no.
Since PHH is not giving waiver out of the goodness of their heart I'm assuming the borrower bankruptcy is the reason. If so anybody have an opinion why Citi is unwilling?
Added by Alfred R Wetzel on April 24, 2015 at 9:22am — No Comments
The real estate downturn of the mid-2000s is mostly over and the market is heating up, with prices rising in all over the U.S. In Wisconsin, the real estate market might be even healthier than in other locales, with new and existing home prices expected to rise 2.4 percent by early 2016. It might just be the perfect time to buy, but before you make any offers, you need to do a little planning to make sure you can pay out over the long run,…Continue
Added by Michael Collins, CDPE, SFR on April 22, 2015 at 7:17am — No Comments
Can franchising be the turning stone in the financial progress of Australian investors?
Reveal the story behind the over 90% prosperity in the Australian franchise sector and discover how becoming a small business owner…Continue
Added by Veronika Adriane on April 21, 2015 at 12:00pm — No Comments
The Wisconsin housing statistics are in for the month of March, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
The Wisconsin housing market grew substantially in…
Added by Michael Collins, CDPE, SFR on April 20, 2015 at 10:05am — No Comments