The top emailed story on the New York Times website today, Short Sales Resisted as Foreclosures Are Revived, is over 2 days old. That it remains pinned as the top story to share is significant, especially to anyone in New York who is facing foreclosure or in a short sale. Bank of America has, after … Read More…
Tag: foreclosure moratorium
Weak Leadership
Categories: CommentaryTags: 2010 election, foreclosure moratorium, PoliticiansBeing a businessman I seldom delve into politics in this platform, but it is clear to me that part of the problem in affecting a sustainable recovery is a lack of political will in our current leadership, including the White House, after reading this gem in the Times on the foreclosure fraud crisis: the Obama … Read More…
Foreclosure Moratorium Will Boost New York Short Sales
Categories: CommentaryTags: foreclosure moratorium, New York short sales, robo signingNow that Bank of America has joined Chase and GMAC in suspending foreclosures in 23 states (BoA is actually suspending them in all 50), including New York, the entire industry is abuzz with questions as to what the consequences are for the market, a recovery, and most of all, distressed homeowners. Now known as the robo-signing scandal, … Read More…