What is the current default rate for loan modifications?

Q: What is happening with loan modifications today? A: As robo-signing reviews reach completion, servicers are beginning to work through some of their foreclosure backlogs, according to a third-quarter report from Moody’s Investors Service. Moody’s reports that as servicers work … Continue reading

Can you do a short sale or modification on an investment property?

Question:  I want to short sale my rental property but I’ve heard the bank won’t approve a short sale on an investment property.  Is that true? Answer: You can do a short sale on an investment property.  Owner occupied property … Continue reading