Hi Everyone,
Here’s our follow up Q&As from class.
Here’s the statistical data on Pay Option ARMs and here’s the reset chart. A big thank you to CalculatedRiskBlog who allows me to use his charts in class for educational purposes. Thanks, CR!
Here’s a link to homeownership.wa.gov with free help for homeowners facing foreclosure from HUD-approved Housing Counseling Agencies.
Here’s more information on The President Obama Administration’s Making Home Affordable Loan Mod program.
Jillayne does requests!
There was a request for information on loss mitigation requirements for a lender servicing an FHA loan. Here you go.
And there was a request for personal bankruptcy statistics nationwide.
Here’s the most recent unofficial problem bank list. Note: this list is updated every Friday evening or Sat morning by CR.
Some folks were curious about the 3 investor groups that represent buyers who want to buy homes at the foreclosure auction like the one we watched in class..
Those companies are: Vestus, Foreclosure Resolutions NW, and RE Investment Firm.
Here’s my youtube channel in case you want to watch a more recent foreclosure auction where I interview the above three investors about rumors I had heard that some lenders were cutting the opening bids a few days before the auction.
and here’s the most recent story about mansion squatters on the eastside.