What are the pitfalls of an out of state guarantor?

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Technorati Tags: abandoned, guarantors, jersey, leaves, new, nj, of, out, Property, State, tenant

On March 24, 2010, social justice activists from the “Network to Stop Foreclosures and Evictions,” held a press conference in Towson, MD. They are trying to stop the Bank of America (BOA) from foreclosing on the home of Renee DeFreitas. According to their press release, Ms. DeFreitas is 51-years old, with five children. She works for the state of Maryland and lives in Baltimore City. Ms. DeFreitas, “as a result of the economic crisis,” was forced to apply to the BOA for “a home modification on her loan.” Unfortunately, the BOA has ignored that important process and turned the matter over to a local law firm for foreclosure action. Check out for background on the growing foreclosure crisis, http://www.nytimes.com/2010/03/22/us/22foreclose.html and http://www.bailoutpeople.org/ and http://www.npr.org/templates/story/story.php?storyId=123973499

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Technorati Tags: America, Bail Out the People, Baltimore City, bank, Evictions, foreclosure, of, Renee DeFreitas, Sharon Black, Stephen Ceci, William Hughes

Next time you happen to walk by an abandoned house, be sure to do a double take. It just might not be as abandoned as you think.

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http://www.mustknowinvesting.com

What’s the magic ingredient to get to “YES!” when negotiating with sellers, buyers, and private money lenders?

Watch the video and find out.

Enjoy

Patrick
… aka P-Rid

Duration : 0:7:18

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Technorati Tags: buyers, Estate, investing, investment, lenders, money, motivated, of, patrick, principle, private, Real, riddle, scarcity, sellers

Dec. 11 (Bloomberg) — James B. Lockhart III, vice chairman of WL Ross & Co. and the former director of the Federal Housing Finance Agency, talks with Bloomberg’s Carol Massar about the outlook for the U.S. housing market.
Lockhart also discusses the outlook for the commercial real estate market and the future of Fannie Mae and Freddie Mac. (Source: Bloomberg)

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Technorati Tags: Asset-Backed, Audio, Backed, Banking, Bloomberg, Bond, Commercial, Company, Country, Economic, Economies, English, Estate, Financial, Foreclosures, Government, Group, Lockhart, Market, May, Mortgage, Multimedia, News, of, Real, Says, Securities, Services, Seven, Spike, Video, Visual, Without, Writedowns: