I’m trying to discover the # of US home mortgages and auto loans financed by banks in the US and the average value of each type of loan. It’s for a school project.

One of the agents in my office doesn’t know the contact info, but was telling me about a company that helps sellers negotiate settlements with banks if their house can’t sell for the payoff amount. From what I understand, the listing agent can mark the house down to a sellable price, and when an offer is made, this company can present it to the bank as a settlement in lieu of foreclosure. In addition, the listing agent can still make their regular commission. Does anyone know of a company that does this?

Most banks will NOT finance mobile homes anymore. It’s hard to find places, but I know there has to be somebody out there who finances, because there sure are a lot of mobile homes!!
thanks

I have taken home loan last year on floating interest rate.This year RBI reduced the home loan interest rates and following which all nationalized banks have reduced the interests. however, i have been paying on the same lines as last year.My query is
1.Are private housing finance companies supposed to follow RBI on the interest rates?
2. If yes, how should i take this up with the finance company in context.
3.Is anything can be done by going thru RTI Act , getting the correct info from RBI and taking step for claiming the loss of money i have incurred all this time.
4.should i transfer the loan to a nationalized bank to some nationalized bank which i am thinking of seriously.

Please help.

I made a mortgage loan payment after the due date which the bank charged me a $50.00 late fee. That is cool. I expected it. They claimed I skipped a payment because I went past 30 days between payments. They wanted a double payment at which I couldn’t swing. The late fee rose up to $150.00 a month and now is up to $254.00 a month. My payment is $500.00 a month. I paid them $1000.00 in July to bring my payment up to date and to meet my monthly mortgage payment requirement for July. However, I did not pay the late fee in full. Many banks will tack on the fees to the end of the balance. My bank is not and is charging me $254.00 late fee on top of a late fee. Is this legal? Are there limits to what they can charge? One late fee has grown to $550.00 for the month which is more than my regular mortgage loan payment. This makes it impossible to catch up. I tried to work with my bank, but the right hand does not know what the left is doing. Any suggestions? This is maddening! Help!

Quick Property Sale

should i bother getting a real estate license in California? home prices are high and owners are retarded for not lowering prices, which means when rates jack up like they will, people will get fuck-ed badly.
lots of people have adjustable rate mortgages and will end up foreclosing by the banks.
having said all that, i don’t think the real estate game is dead in CA, just going to be alot slower.

i’m not really the hold your hand type of person and i don’t like to kiss ass like all these phony real estate people do. but i do enjoy talking on the phone and making sales calls. i am a born sales man and i can sell pretty much anything to anyone.
i have been on a few open houses to look at homes and at the same time, see how these agents/brokers conduct themselves and you know it seems like feast or famine..which is normal for sales.

i heard most of the business in real estate is in the title insurance game. how does this work/process and how does one get into the title insurance racket?