Archive for the Bank Failures Category

Why are Banks Setting the Opening Auction Bid Below The Principal Balance?

Jillayne Schlicke on 05 1, 2009 | 69 Comments

I attended a foreclosure auction in Bellevue, WA last week to discover if the rumor was true that banks are opening their bids below the amount owed.  I received confirmation from three professional

Read More

Mortgage Interest Tax Deduction Limits, What Would Happen if Rents Cliff Dive, the Black Hole that is AIG, and Bank Nationalization

Jillayne Schlicke on 02 26, 2009 | 65 Comments

Today was a busy news day! President Obama administration’s 2010 budget proposes to limit the mortgage deductions on “higher income” households defined as making $208,850. per year. Quoting

Read More

President Obama’s Foreclosure Rescue Plan: Loan Modification Analysis

Jillayne Schlicke on 02 18, 2009 | 28 Comments

Underwater homeowners looking for a bailout from President Obama’s Foreclosure Rescue speech might be wise to think very carefully about all the possible consequences of grabbing the new loan modifi

Read More

Bank Bailout and Stimulus News Roundup

Jillayne Schlicke on 02 11, 2009 | 15 Comments

Bloomberg is reporting that the $15,000 tax credit has been mostly dropped from the stimulus bill. Hat tip CR: "Asked what a proposed $15,000 tax credit for homebuyers looks like in the compromise p

Read More

« Older Entries