Tag Archive: bank

Mar 30

Banks Continue to Need to be Forced to the Bargaining Table

By Michael C. Klasfeld, It still is out there.  Banks insisting on $450,000 to save a home worth $135,000 and then, after they throw the homeowner out on the street, pay $10,000 to rehabilitate the property, pay $6,000.00 in brokerage fees, and thousands more on general closing costs, sell the property 8-24 months later for …

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Mar 13

Foreclosures Are Us

by Michael C. Klasfeld, Esq. While we all are hoping for the economy to pick up, and it has thanks to many Obama initiatives, foreclosures are still part of our daily life.  Relative to but a few years ago, prices are higher, incomes are lower, and “trickle down economics” (give the rich all the tax …

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