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Author Archives: Rachel Daniels

Default Resources Hires Three Default Servicing Professionals

Default Resource);/*1217886810724*/, a company which provides third-party valuation services as well as internal and loss mitigation training, announced the hiring of Don Davis and Mark Hiatt as VP’s of business development and Frank Marshall as head of business development.

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Hudson & Marshall Announce Housing Auctions in Chicago and Indianapolis

As the foreclosure rate across the nation continues to rise, some savvy shoppers are finding an alternative way to become homeowners, the auction market. Home auctions, once only the realm of investors, are becoming more popular among the average home buyer as more banks are turning to auction companies as a way to unload their numerous foreclosed properties, finding that the discounted price that the homes will go for at auction is a better alternative them having them sit on the market for months, depreciating in value and being left open to vandalism.

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Freddie Mac Adds Financial Incentive to Help Borrowers Avoid Foreclosure

Freddie Mac announced today that it is doubling financial incentives to servicers who help borrowers avoid foreclosure. The additional financial incentives will start August 1, 2008 and will include raising the compensation for negotiating repayment plans from $250 to $500, increasing the compensation for loan modifications from $400 to $800, and increasing the compensation for short sales or other preforeclosure sales, that are for less than the full amount owed, from $1,100 to $2,200.

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