Hi Everyone,
Here’s the follow up from the REO class on Friday:
Here’s a link to a story about problems people are having getting flood insurance right now.
Here’s a link with more information about the Home Affordable Foreclosure Alternative program regarding giving lenders monetary incentives to process short sales when a homeowner does not qualify for a loan modification.
Here’s one of many stories featuring Jim the Realtor, an REO agent out of Calif who videotapes the REOs.
Here’s a link to the Pay Option ARM graph we talked about. Remember when you read those stories in the media, it’s not rate resets we’re concerned about but all the payment RECASTS coming up over the next few years.
I couldn’t find anything from RE/MAX on an announcement suggesting BOA has chosen RE/MAX to list all their REO properties. Instead I imagine BOA uses many asset management firms across the U.S. and perhaps one of those firms selected a RE/MAX office in one particular area to list BOA REOs.
The FCIC will hear testimony regarding WaMu tomorrow. Here’s a preview from the Seattle Times.