Posts Tagged ‘strategic default’

St Louis Home Mortgage Lending: Underwater Means Drowning In Debt

Thursday, May 26th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan, Mortgage Refinancing and Consumer Lending News: Drowning In Negative Equity
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Loan Reduction and Customer Financing


If you have no desire or need to sell your home, then falling home prices are just on paper and likely temporary, right? Depends on how you look at it. 

Falling home prices put more borrowers in a negative equity position, that is owing more on their mortgage(s) than their homes are worth.

We call that ‘underwater,’ and for good reason, because for some borrowers that sense of drowning (more…)

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St Louis Home Loans: Strategic Default Risk Increases

Friday, April 8th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Reduction News: Strategic Default Risk May Increase
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Mortgage Loan Modification

The 2011 housing market started off to a bleak pace.

Home prices were expected to drop another 20 percent before hitting bottom, according to economists at A. Gary Shilling & Company, raising the risk that approximately 39.7 percent of borrowers will simply walk away from their home in a strategic default.

The firm reported in its December Investment Insight that home prices are already 29 percent below their peak in the first quarter of 2006 and fell 2 percent between (more…)

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St Louis Finance Terms Will Get Tough For Home Buyers Who Walk Away

Sunday, July 18th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Homeowners Who Strategically Default On Their Home Mortgage Will Face Harsh Consequences [News Hot Line: 877-334-0210 | Floyd Tapia]


New legislation coming from Capitol Hill will allow Fannie Mae to take legal action against mortgage owners (more…)

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St Louis Refinancing Mortgage Minute Edition 58

Saturday, June 12th, 2010

Audio

News Topic: It May Be Difficult Getting An FHA Loan If You Walk Away From Your Mortgage -

(more…)

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St Louis Mortgage Industry May Be Lending to More Irresponsibly Minded Borrowers

Thursday, April 29th, 2010


St Louis Mortgage Refinancing and Real Estate News –

St Louis Finance News: An Immoral Changing Mindset About Strategic Default?
News Hotline:  877-334-0210 | Floyd Tapia

Perhaps an amazing change of attitude may be permeating the housing industry but whether agreeably immoral or not, mortgage owners that owe more than their homes are worth or underwater are showing a greater tendency (more…)

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