Short Sales Marketshare…25% in Sacramento
Monday, January 11th, 2010I just saw this link to some fascinating December real estate sales data for Sacramento County on an excellent housing industry blog www.calculatedrisk.com.
Archive for January, 2010
Responsible 2nd Chances: Loan Modifications Addressing the Issue of Negative Equity and (Borrower) Moral Hazard
Saturday, January 9th, 2010Proactive government and bank efforts to help distressed borrowers have largely, if not exclusively, been focused on ‘home retention’ programs in 2009. On the one hand this focus makes sense: the first question that should be asked and answered when a family stops making their mortgage payment due to financial hardship is whether an change to the loan terms would make the home affordable for the same borrower (thereby avoiding all the negative effects of a pre or post foreclosure home sale) while being acceptable to the investor.
