Robert A. Massi & Associates

Five Things NOT to Do When Your House is Underwater

robertmassi — Fri, 13 Apr 2012 22:27:07 +0000

There’s nothing worse than realizing that the home you paid (or even overpaid) for is now worth only a fraction of its original value. When you owe more on your mortgage than the market value of your home, you are one of the 10 million U.S. homeowners who are “underwater.”

For most homeowners, being [...]

What Everyone is Thinking: Where did the good old days go?

robertmassi — Wed, 05 Oct 2011 16:13:04 +0000

In today’s modern business world, the watchword is “efficiency.” Most people, in the interest of squeezing the most hours out of working days, have automated as many customer service transactions as possible. It’s important to constantly evolve technology. It makes jobs easier in some very significant ways. But only one thing really makes or breaks [...]

A Message to Bankers and the Government — Find Ways to Let Americans Stay In Their Homes

robertmassi — Fri, 16 Sep 2011 17:11:23 +0000

In today’s America, the government and the lenders are completely disconnected from the very real troubles that homeowners are experiencing. The massive foreclosure mess that has crippled our economy has huge social repercussions that all the Band-Aid lending programs in the world are not able to prepare.

We are in crisis and those who [...]

The Four Do’s and Don’ts of Defaulting

robertmassi — Wed, 07 Sep 2011 22:44:35 +0000

Millions of homeowners reach the point where they feel they have exhausted every last option. They can no longer make payments on their mortgage, their credit is in tatters, their patience and pride has been worn down by banks that refuse to work with them on a load modification or short sale strategies that will leave them financially [...]

Trying to Get Out of Home Ownership — Don’t Count On the Short Sale

robertmassi — Thu, 18 Aug 2011 03:17:00 +0000

If you are truly strapped for cash and unable to make the monthly payments on your home, it may seem that the best option is to just unload the property for whatever someone will pay.

In an attempt to avoid having to pay the balance of the mortgage when the value of the house is [...]

On Shaky Financial Ground? 3 Reasons Why Loan Modifications Won’t Solve Your Problems

robertmassi — Tue, 16 Aug 2011 03:11:54 +0000

Let’s assume you live in one of the geographical areas hardest hit by the home mortgage crisis. The economic boom that your lender assured you would continue to boost the value of your home has turned into an economic bust and the house you extended yourself to buy—because it would be such a great investment—is [...]

The Debt-Ceiling, the Deficit, the Debacle in Washington, and Why You Should Care

robertmassi — Mon, 01 Aug 2011 03:29:34 +0000

So many people have been talking about the debt ceiling, deficit, debt, treasury bonds, stocks, China, etc. If you ask twenty people on the street what it all means, you’ll get twenty different answers. Most Americans truly don’t understand what is going on. And believe me when I say that included me. So after reading [...]

Why Are So Many Americans Abandoning Their Homes and Walking Away From Their Mortgage?

robertmassi — Mon, 06 Jun 2011 16:59:06 +0000

What a difference ten short years makes! Back in the ’90s, basically everybody in America believed they had the right to own a home. Regardless of whether or not they could afford it, the marketing hype of the big banks made them believe that there was a loan for them. Homebuyers went for zero-down loans, [...]

Q: What can a consumer do to check out a land sale offer?

robertmassi — Wed, 07 Jul 2010 19:15:16 +0000

A: Traveling to the land itself is not enough – it has been known to happen that the developer doesn’t even own the land. Consumers can guard against falling victim to totally fraudulent land deals or against being misled by sellers who are operating just within the law in offering a “deal” that just isn’t [...]

Q: Can a manufacturer or retailer sell products without warranties at all?

robertmassi — Wed, 07 Jul 2010 19:13:56 +0000

A: Yes, but the purchaser must clearly be informed that there are none. As a practical matter, for sellers to remain competitive in the marketplace, some form of warranty is generally included on a product or service. A warranty is an important feature to consider when you are making a purchase, and you would be [...]