I have a duplex in Wildwood that I’m planning to use as STR whenever we emerge from the Covid crisis.

Since the foreclosure crisis mortgage lenders have added a ton of security for themselves in the docs to hedge against future legal challenges and losses.You need to know if you are in a non-judicial or judicial state and based on age of the mortgage doc even if non-judicial if a "power of sale" clause exist in the mortgage docs.

They won't be able to effectively help anyone who has a situation that doesn't fit nicely inside their box.I've mostly dealt with leftover non performing notes from the last financial crisis when people were getting loans they had no business getting.

Those of us old enough to remember the gas crisis of the Carter years, we have been doing green that long.

There may be a chance that the gold price in fiat dollars may show it's true colors to the public, even before a currency crisis manifests on main street.

The 2008 holiday was a disaster for retail ers, as a financial crisis swept across the globe in September and consumers cut spending on nearly everything but bare necessities.Now on to our real estate educational section...Mortgage Modification Bill May Impact ForeclosuresThe newly proposed “Preserving Homes and Communities Act of 2009†introduced by Senators Jack Reed (D-Rhode Island), Dick Durbin (D-Il), Sheldon Whitehouse (D-RI) and Jeff Merkley (D-OR) limits foreclosures and requires lenders and services to offer mortgage modifications if the net present value of the modification is anticipated to be greater than the foreclosure value.Additional provisions of the newly proposed bill include:• Limits on foreclosure fees• Creation of a nationwide database to track foreclosures• Strict penalties for non-compliant firms• State sponsored mediation programs• Grant money for borrowers struggling to make payments regardless of current mortgage product.• Capitalize the National Housing Trust Fund with $1 billion in proceeds toward preservation and restoration of affordable housing.While advocates of the bill cite the growing increase in foreclosure rates across the nation as evidence of the need for further intervention, critics of the bill believe it will increase the burden on banks and lenders while simultaneously reducing fees associated with delinquent accounts.According to Moodys.com, mortgage defaults are expected to rise to as many as four million with more than a third of new defaults associated with prime fixed rate loans rather than the original sub-prime concerns.

It warms my heart to read that your family is taking seriously what you hear about the economic and banking crisis in Greece. 

However, I would guess Georgia's foreclosure crisis started late and is ending late compared to others.  

During the financial crisis they did drop the limit to 4, but have subsequently raised it back to 10.  

I am also working towards starting an investment fund designed to promote financial stability and provide market-based solutions to the foreclosure crisis.