What Happens When You Default on a Mortgage: Strategic Default from the Bank’s Perspective?

What Happens When You Default on a Mortgage: Strategic Default from the Bank’s Perspective?

Aug 23, 2012 in Vital Information
Most people who are considering strategic default, think about it from their perspective.  However, it is helpful to also understand how lenders view strategic default.
First: Understand Loss Reserves & the Bank’s Pain
Because deposit accounts in banks and thrifts are partiall [...]

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The Relationship of Average Home Prices to Average Income

The Relationship of Average Home Prices to Average Income

Nov 11, 2011 in Vital Information
Analysis Concerning Tampa Bay Real Estate
The chart below represents the relationship between average incomes and average home prices in the Tampa Bay area.  Historically, average home prices hovered at nearly three times average income. In other words, if average income was $33,000.00, the a [...]

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Hiring a Realtor or Broker to Short Sell Your Property

Hiring a Realtor or Broker to Short Sell Your Property

What you need to know when hiring a Realtor or Real Estate Broker to do a short sale of your property:
Hiring the right realtor or real estate broker to conduct a short sale may be one of the largest challenges facing short sellers today.  Messing this step up could devastate your chances of [...]

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$4 Million Grant for Florida Foreclosure Defense

$4 Million Grant for Florida Foreclosure Defense

Today Florida’s Attorney General, Bill McCollum, announced that the State of Florida will have funds to help Floridians facing foreclosure.
Thanks  to a settlement with Bank of America, resulting from their takeover of Countrywide Financial, the State of Florida will be releasing $4 mil [...]

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