Helpfulinvesting.com

Okay, so I have driven into the ground a hundred times the issue around home ownership in a REO versus a short sale.  But, today I have had to do it again twice.  One time was even with a bank negotiator at One West.

Please people….It is simple.  In a short sale, the homeowner owns the home until closing.  The bank does not own the home, but has to allow (approve) receiving a net less than they are owed.  In…

According to Zacks.com and reports in Reuters yesterday, Citigroup is leading the pack in helping homeowners avoid foreclosure. They have DOUBLED their loss mitigation success rate in the last 6 months. Whether a short sale or loan modification, borrowers can expect that at least 1 out of 6 will get to the finish line on the first run. This new success rate has reportedly helped over 108,000 homeowners avoid potential foreclosure at a total loan bill over billion. Impressive even…