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« 9 Biggest Enemies of Real Estate Professionals | Main | What's HOT and What's NOT »

July 01, 2008

Comments

Chris Griffith

Tony,

I have a client that tried to do a loan modification on a $166,000 house and the bank wouldn't hear it but they're about to take an short sale offer of $44,000 and put the family on the street. This defies all logic to me.

Dan

Definitely a reflection of the economy as a whole. Not only housing prices drop but the collapse of the credit markets. Eventually we will ride out this problem, but if you have cash now there are some bargains to be had.

http://gewdir.com bad credit loans blog

Nita

Interesting to know.

Marie

Loss Mitigation can be the answer for many people facing foreclosure and an unsympathetic lender. Please visit www.housingrescueplan.com and connect with Dr. Michael Cantrell. He has a 95% success rate in dealing with lenders to avoid foreclosure proceedings. We can't let the lender's just take away American people's homes.

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