Almost everyone knows the name "Angelo Mozilo"-he's the former CEO of Countrywide and he's been in the news a lot in the last few years, mostly with negative connotations. This morning I had the opportunity to meet and listen to Andrew Gissinger. It's likely you haven't heard his name much, but I think you might in the future, and if you do I suspect it will be with good connotations. Andrew (he goes by "Drew"), is the new Executive Managing Director and Chief Operating Officer (COO) at
Neal's Blog
Category: lending
I had a conversation today with a past client that wants me to help her find a home this Spring and by the end of the call it was clear to me that there is no topic more important for buyers and sellers in todays market to thoroughly understand than what a short pay listing is compared to a foreclosure listing. First lets start with the basics. A short pay or short sale listing is one in which the seller will get no money. They owe more than the home is worth. They want to sell but in order to
Unless you have been avoiding the media entirely (which is often not a bad idea), you probably have heard that this week Congress will send to the President for his approval an economic stimulus package. I have no interest in analyzing what this may or may not do except for one aspect-the provisions that will likely lower interest rates for many of my clients. It seems hard to believe that less than a year ago The Fed was worried about inflation and raising the cost of money. In retrospect it
