July 3rd, 2011 by Claudia Simpson | Tags: Help
- President Obama said today that his administration is going back to the drawing board for ways to help homeowners struggling in the poor housing market.Responding to a question on assistance for homeowners during his Twitter town hall, the president said the programs set up under his watch have probably led to several million home mortgage modifications, either because the federal government had direct control of the loan process or the private sector followed suit.
July 2nd, 2011 by Claudia Simpson | Tags: Flaws, Flaws Pervasive
- Five out six North Shore mortgages checked for paperwork problems showed evidence of “robo-signing” or other flaws that could make properties hard to sell or refinance, a new audit shows.
“My registry is a crime scene,” Southern Essex County Register of Deeds John O’Brien said in releasing a test audit of 473 mortgages filed with his office during 2010. “This crime has affected thousands of home-owners in Essex County who, through no fault of their own, have had their property rights trampled on and their chain of title compromised.”
Lenders across the country are facing lawsuits and government probes over allegations that they used “robo-signers” — low-paid workers who allegedly signed hundreds of mortgage and foreclosure documents a day without reading them.
July 1st, 2011 by Rose Youmans | Tags: Breakfast Managers, Managers
Bed-and-breakfast managers control and manage the availability of the facility, from booking rooms to delegating work to prepare the rooms prior to guests’ arrival. Bed-and-breakfast facilities are known for personalized service and a guaranteed breakfast after an overnight stay, so the manager is responsible for maintaining the services and personality of the facility. A manager’s salary is influenced by whether the facility is privately owned and where it is located.
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The U.S. Bureau of Labor Statistics identifies managers working in hotels, motels and other travel accommodations, including bed-and-breakfast facilities, as lodging managers.
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June 29th, 2011 by Claudia Simpson | Tags: Homeowners, Short Sale
- Thousands of Arizona homeowners will try to short sell their homes this year. A short sale is when a lender accepts less than the mortgaged value of a home during a sale, in order to avoid the expense of a foreclosure. There are two kinds of short sales: a traditional short sale and a HAFA short sale.
A traditional short sale happens when a homeowner puts the house on the market and receives offers from potential buyers for less than what is owed on the home. The homeowners representative, which is often a real estate agent or attorney, negotiates directly with the mortgage servicer to accept the lower price.