In successfully accomplishing the first four steps of selling, most of my efforts were directly or indirectly geared toward succeeding at the fifth and most important step: getting paid. Contrary to what most people naively assume, the object of the game is not to close deals. The object is to walk away with chips in your hand.
We saw another "battle of the warring housing price indexes" last week, with the federal government reporting positive price appreciation in more than two-thirds of U.S. metropolitan markets -- at the same time a widely-publicized Wall Street index said home values were down by a record 4 percent for the year, and down by 5 percent in the top 20 markets.
Question: My lender has gone bankrupt but has not sold my loan to another lender. The interest rate continues to rise every month. How I can get the loan transferred and then modify the current loan into a fixed-rate loan?