IndyMac Holding Off Selling Foreclosures
4:30 PM | 
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SF Web Blogger
During an April 26 conference call with analysts, Perry said the company didn’t sell a single dud loan in the first three months of the year because no one wanted to pay what he thinks they’re worth. No way is IndyMac selling to a hedge fund for “pennies on the dollar,” Perry said.In that time, IndyMac’s sour loans and foreclosed real estate ballooned 75 percent to $324 million. “We are not going to fire-sell when we have the intent and ability and expertise to work through those loans and sell them ourselves,” he said.But Indymac and others who deal in Alt-A loans, such as Impac Mortgage Holdings of Irvine and Downey Financial of Newport Beach, may not have time to wait. The same problems shaking up the subprime market are now emerging in the Alt-A industry. via the OC Register
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indy mac foreclosures
Luxe Lofts Cruising Along
In a depreciating market, we have seen many projects looking like a ghost town no construction crew’s onsite. At Luxe Lofts, construction is moving briskly with crews onsite working away.
If you are interested in this unique project please contact us.
If you are interested in this unique project please contact us.
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Luxe Lofts Las Vegas
Mortgage Forgiveness Debt Relief Act of 2007
All,
Here is a link to the Mortgage Forgiveness Debt Relief Act of 2007 on the IRS Website if you are considering a foreclosure, bankruptcy or short sale.
It is important to be as informed as possible when considering any of the above actions.
Here is a link to the Mortgage Forgiveness Debt Relief Act of 2007 on the IRS Website if you are considering a foreclosure, bankruptcy or short sale.
It is important to be as informed as possible when considering any of the above actions.
Sullivan Square Breaking News - Office Closed May 2nd
According to In Business, on May 2nd, co-owner Glen, Smith and Glen Development of Sullivan Square has closed their sales office. The other co-owner Hardcourt Developments intend to reopen new offices and start construction on the 16.5 acre project this summer.
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