Team Thayer Property Servicing

T he number of delinquent mortgages continues to fall, but the foreclosure crisis is still taking its toll on hundreds of thousands of borrowers. Of the approximately 952,000 borrowers who are 90 or more days past due on their monthly payments, but not yet in foreclosure, 62 percent have already been through some form of home retention program, according to Black Knight Financial Services (BKFS). They are, it seems, beyond help. Home retention programs were established by lenders and the government to work with borrowers to enable them to keep their homes. Loan Modifications Fail at a high Rate "The percentages do look significant," said Ben Graboske, senior vice president of Black Knight's data and analytics unit. He pointed to trends in the government's modification program, which has given borrowers less relief of late. In 2010, homeowners on average could have received a $530 monthly payment reduction. That has dropped to the $450 range today....

The Politics of Real Estate!  Sales secrets from Justin Thayer #Eugene #Oregon #ReallEstateBroker.

Real estate has so many surprises for the first time investor it is difficult to describe them all in one article although I will attempt to give some insight into a different investment opportunity today. There are in real estate what is known as real estate owned REO lists and these can provide a investor with absolutely amazing opportunities and the returns from these type of investments can be very lucrative. Just be very aware of fraudulent schemes where people offer you deals which does not exist. There are many companies who claim to sell reo lists online, but a large portion of the properties on these lists either do not exist or are in terrible shape and therefore do your homework carefully before committing yourself. Do all in your power to gain as much information as possible about the company with whom you plan to do business and find out what experiences others in the business had with these companies. Although these references may not be completely foolproof at least ...