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Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2)
Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2) Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. Read more on BusinessWeek
Posted in News Also tagged ‘Flopping’, banks, fraud, Home, Rises, shortsale, Update2 Leave a comment
Landlords face losing interest-only mortgages
Landlords face losing interest-only mortgages LANDLORDS could be facing a financial struggle, with many being told by banks that they will notextend their interest-only mortgage. Read more on Irish Examiner
100 families a week face losing homes in Capital
100 families a week face losing homes in Capital MORE than 1,100 Edinburgh families have faced losing their homes over the past year, new figures have shown. Read more on The Scotsman
Homeowners in mediation programs face court backlog of foreclosure cases