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And to be honest, the about pages here haven’t been the best they could be. They we
South Florida’s high-level of housing distress and large population of minorities combine to make it a nation-leading hotspot for fraudsters offering mortgage modification scams, a new report shows.
According to analysis by Homeownership Preservation Foundation, Miami leads the nation in the number of reported mortgage modification scams, followed by Los Angeles, Las Vegas, Houston and Chicago.
The report found that racial and ethnic minorities were particularly susceptible to these scams, accounting for more than half of all complaints nationwide. <
Tens of thousands of Bank of America’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank, which is the country’s largest mortgage servicer, and investors in its troubled mortgage securities.
For struggling borrowers in better financial shape, the outcome could be more positive. The deal would include incentives for mortgage servicers to help homeowners who have fallen behind on their payments and whose homes are worth less than what they borrowed.
“The goal is to reinstate as many borrowers in a modification that performs well,” said Tony Meola, a servicing executive with BofA. “It als
When starting out as a real estate investor, just selecting the “right” strategy can seem like a daunting process.Where do you invest? What type of property should you buy? Which strategy is right for you?
For many new investors it is tough to know where to start. In this article we’ll go over 4 steps that will help you choose the right investment strategy for you to get started with confidence.
First you need to be clear on what you want to get out of your investing. Are you looking for something short term or long term? Are you going to focus on cash flow or equity growth? How h
HARTFORD, WESTCHESTER/SOUTH CONNECTICUT
GE Capital Appoints Chief Compliance Officer
Kathleen Carey was named chief compliance officer of GE Capital Real Estate. She will oversee compliance-related matters and craft, execute and preserve the international compliance policy for the unit.
Carey was most recently the chief operating officer for GE Capital Real Estate’s Investment Management team and head of the unit’s global Six Sigma group.
“Excellence in the compliance arena is both a necessity and a competitive differentiator for GE Capital Real Estate,” said Mark Begor, chief executive officer. “Kathle Find more info…
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