07-14-2011, 12:40 PM
Both Freddie and Fannie already instructed their loan servicing companies to pursue judicial foreclosures only, so the new law is basically pointless. IMHO, it was pointless to begin with, does anyone seriously think homeowners who are behind their mortgages for a year or more will pay up on properties that are worth 50% in value now? [
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Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
(This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)
][][]Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
(This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)