short-sales

Bank of America To Forgive Some Customer’s Loan Principal

by benjaminteam on March 25, 2010

Info from today’s Yahoo Finance section – “Bank of America is taking a major step to help some of its most troubled mortgage borrowers. The bank says it will forgive up to 30 percent of some customers’ loan principal. The bank has said Wednesday it will start forgiving principal for homeowners who owe more than [...]

Tagged as: foreclosures, loan modification, short-sales

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More Than 40,000 Foreclosures in Phoenix Arizona Area

by benjaminteam on November 30, 2008

The Arizona Republic has reported in today’s news that more than 40,000 Phoenix Valley homeowners have lost their homes to foreclosure in the past 18 months. A combination of factors have led to the surge. Adjustable-rate mortgages have reset to higher interest rates. Investors have walked away from bad purchases. Job losses are mounting. A [...]

Tagged as: benjamin realty, Bob and Carolin Benjamin, foreclosures in phoenix, moving to arizona, short-sales

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