The expansion of credit came in the form of relaxed loan underwriting terms including high debt-to-income ratios, lower FICO scores, high combined-loan-to-value lending including 100% financing, and loan terms permitting negative amortization. Addressing the conditions of expanding credit is a legitimate focus for intervention in the credit markets. Another major lending problem is unrelated to [...]
It is normal to dream of living in a paradise. Most of us do it. All our ideas of paradise are probably very different though as people are looking for vastly different things. Properties for sale in Barbados and Thailand present people with two diverse choices.
Everyone has heard of the small island of Barbados. Most [...]
When picking out the right apartment there are a few things that you should keep in mind. The location is a prime decider. You can buy a Condo in any part of the city and get a great view, but with an apartment you need to be more discerning. The view may not be as [...]
In every asset bubble people will claim the prices are supported by fundamentals even at the peak of the mania. During the Great Housing Bubble, people believed everyone was making two-times their actual income, and that the unstable loan programs developed during the time were innovations that changed the fundamentals.It was all nonsense. Stock analysts [...]
With the enterprising vision of Sheikh Mohammed Bin Rashid Al Maktoum, the prime minister and ruler of Dubai, this United Arab Emirates is bound to scale new heights. The United Arab Emirates formed in 1971 is a collection of 7 states, but unlike its neighbors, Dubai is not blessed with great oil reserves. Instead Dubai [...]
Fairfax, California, is a beautiful and unique town, and is a suburb of San Francisco that is the last bit of civilization before descending into Marin County’s San Geronimo Valley. Fairfax has often been described as “the gateway to West Marin,” and the city has a reputation for being unique, eclectic, and high quality.
Located in [...]
The lender must agree to accept less money at the closing table for the closing to occur. From a credit perspective, there is little or no difference between a short sale and a foreclosure.
Both a short sale and a foreclosure will show a series of missed payments and a secured credit line (or multiple credit [...]