55,687 homeowners received permanent, proprietary loan modifications in July compared to 50,283 in June, an increase of 11 percent Of proprietary loan modifications that were completed 80 percent (44,413) included reduced monthly principal and interest payments with 60 percent (33,302) receiving a reduction of more than 10 percent 87 percent (44,402) received fixed interest rate [...]
Short sales increased 19 percent in the second quarter of 2011 and account for 12 percent of all sales nationwide Distressed property sales, including foreclosure sales and short sales, accounted for 31 percent of all U.S. residential sales in the second quarter, down from nearly 36 percent in the first quarter but up from 24 [...]
Filing bankruptcy is dishonest. Bankruptcy was designed to give you a fresh start and is a legal right intended to protect honest, hard working individuals who become unable to pay their debt. I will lose my home and property. In actuality, filing bankruptcy could save your home from foreclosure. Soon as you file, an automatic [...]
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