It protects the borrower and the junior lien holders.

I had to refi. a couple of properties to cash out the ex so I borrowed more than I needed and moved to Alabama to start over.I now have 17 rentals here, 4 of which still need renovating.

At that point they may decide to go after the original borrower on whom they foreclosed for the amount they lost, or they may just absorb the loss.2 They will sell the property above and beyond what they have in it.

Stop thinking of the potential profits.

When purchase either a primary residence, second/vacation home or investment property using more then 80% financing, a borrower has two options to choose from; 1) A loan program in which the borrower pays the PMI, 2) A loan program in which the lender pays the PMI.

However that house is on borrowed time and I'm pretty sure isn't going to be around a whole lot longer.

I was curious about what everyone's thoughts were on Oil and Gold.With Gold around $800/ounce and Oil around $100/barrel . . . is there any stopping these commodities?

•Second, it will tell you if prospects have sold, listed, or in the case of foreclosure, stopped the process so you can remove them from your mailing campaign.

Even when lenders do not file anything the borrower is still required to document correctly the debt being forgiven.Bottom line is home owners should have less to worry about if they fit within the new law.

They want those stopped, they don't want people talking like that is my feeling.