Tag Archives: refinancing

The Emperor Has No Clothes; Or Why Aren’t The Pundits Looking At Inventory?

I know, I know, I’m pounding the inventory drum to death.  I guess I just can’t help it; it’s just so painfully obvious.  Do you remember the Hans Christian Andersen story of the emperor who is persuaded by a swindler … Continue reading

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Thoughts On Interest Rates And Housing

Mortgage rates have risen 1.10% since May and while 1% may not sound like much, it represents an increase of 67% and that does sound like a lot.  Effectively rising interest rates means a home buyer can afford less and … Continue reading

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The Problem With Appraisals

By definition appraisals are backwards looking.  The designed purpose of an appraisal during the loan and purchase process, is to demonstrate to the lender that the security (the house) for the note (the loan), is worth the price the borrower … Continue reading

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How To Get A Loan Mod Approved Part 2: What Now?

Part 2: What Now? Now that you’ve assembled everything, and when I say everything, I’m talking a couple hundred pages everything, you are ready to fax the paperwork in.  You’ve numbered the pages and created your table of contents.  So … Continue reading

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How To Get A Loan Mod Approved Part 1: Getting Started.

This is  updated from the original series first published in September 2011. Part 1: Getting Started Stop paying on your loan (no I can’t say that even though it’s true).  If you are current the bank has no incentive to … Continue reading

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Finally A Step In The Right Direction

As many of you may recall I sent an open letter to the President last month begging for a refinance relief plan for underwater, but current borrowers.  Yesterday the Federal Housing Finance Agency (FHFA) announced changes to the ineffectual HARP … Continue reading

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How To Get A Loan Mod Approved Part 4: Foreclosure and Mod Offers

Part 4: Foreclosure and mod offers. Your loan mod appears like you’re making some progress and you are actually starting to get a hopeful.  At the same time, you’ve got that gnawing feeling that the bank may not get you … Continue reading

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