Category Archives: Links
To default or not, is there a question?
• I’ve personally witnessed this kind of thing happening all over the country. Homeowners, trapped in a nebulous foreclosure/short sale process and are seriously delinquent in their payments wait out the situation in a rent free home. While the folks in the piece are still struggling, the glut in non-payers has created a kind of [...]
Friday Links
• Folks defaulting on loans are providing a hidden boost to consumer spending when they default on their loans. By going delinquent on their mortgage payments, particularly those facing huge jumps in payment, homeowners have been able to save more and pay down other debts. • Money magazine has some helpful tips on how to [...]
Et Cetera
• The Chicago Tribune looks at the troubles and benefits of short sale by chronicling the efforts of a family underwater on their mortgage. Unsurprisingly the author finds that the experiences vary wildly, with banks often tying up sales for months, sometimes years, with the seller never really knowing why. A must read. • CNN [...]
Links
• Chicago Magazine’s great Deal Estate blog has some advice for people considering a short sale. Dennis Rodkin’s blog is a good one for Real Estate advice and news. He also has a monthly column in the magazine that’s worth following. Click here to read Rodkin’s article, and trust me, heed his advice. • Federal [...]
