CONFLICT OF INTEREST – BOARD MEMBER ETHICS – Article by Beth Grimm, P.L.C.
A colleague of mine recently delivered an email newsletter that cited a case in Nevada discussing conflict of interest. A Nevada city council member was “censured” for voting in favor of a casino development for whom a long-time personal friend and campaign manager was a consultant. The council member did not recuse himself from voting … Continue reading
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How Foreclosures Work – Article’s by Charles W. Bryant & Foreclosurequestionsguru.com
You made smart decisions on the path to realizing your dream of homeownership. You prioritized your spending and saved enough money for a small down payment. Your mortgage broker was creative, accommodating and worked out a loan that fit your budget. You signed the closing papers, got the keys, moved in and settled into what … Continue reading
Short Sales Explained – Article by StockMarketsReview.com
Definition: Simply put, a Short Sale occurs when a homes market value is less then the outstanding mortgage debt plus sales costs (sometimes called an upside down Mortgage. The mortgage bank(s) must agree to write-off a portion of the outstanding loan debt resulting in a short payoff. Short Sale Example: For example, if a home … Continue reading