Bank of America/Countrywide Streamlining Short Sale Process
BofA (Countrywide) have begun utilizing the Equator system (REOTRANS) to streamline the short sale process. This is great news for all homeowners that are strapped with a one of the formidable Countrywide Short Sales. We learned of this about 6 weeks ago and we are excited to announce that it is hear… Below is a link to the details: Bank of America/Countrywide Streamlining Short Sale Process The Short Sale Good News Train keeps on rolling. Take Action, Kris & Kim...
Read MoreNow You Can Short Sale Your Home and Buy Another Home…At The Same Time
Breaking News*********If you are a Real Estate Agent: Kim and I will be talking about this program this week on our coaching calls with Harris Real Estate University Sign up and Log in to the Thursday Call 10:00AM PST To our clients…you’ll be receiving an email soon. As our subscribers know…Kim and I are always looking for the latest and greatest news on Short Sales. I liken this news to “Mans First Steps on The Moon”…Sounds extreme, I know, but this is just the beginning. A lender from California is offering an FHA 3.5% purchase program for current...
Read MoreLoan Mod Experts…Whatever you do…Don't Piss Off Your Client…Or Else!
This story only gets better… It appears that ywo Loan Modification Scam victims took their anger out on the perpertraitors…now they are facing Life in Prison! It appears that these two Sothern California homeowners who had hired “Loan Mod Experts” felt that since nothing was happening with their modification that they would simply get their money back or beat it out of them. Well that back fired and the 2 home owners along with 3 assailants are facing: False imprisonment Robbery Extortion Yada,Yada, Yada Lesson Learned… “Vengence is Mine…Sayeth the...
Read MoreThird Quarter Results in Emergance of New Cities in Foreclosure Troubles
Today’s article in The Truth About Mortgage.com it was reported that new, previously unaffected metro cities around the US are being bitten by the Foreclosure bug: Chico, CA 98% increase over last year Reno-Sparks, NV up 80% Prescott, AZ up 77% Jacksonville, FL & Rockford, Il up 64% Boise City-Nampa, Idaho & Salt Lake City, Ut also made the charts “While cities in California, Florida, and Nevada continued to account for the 10 highest foreclosure rates among metro areas in the third quarter, five reported decreased year-over-year activity, according to...
Read MoreNew Home Buyer Credit Extended…Senators Agree
This is great news and it’s with bi-partisan agreement. It appears that the first time home buyer credit will be extended…but no specifics. Talks have it so that the plan may be: in place through the end of 2010. May be a “step-down” plan that will reduce the benefit every quarter. A credit of 10% of sale price with a Max cap of $7,290. Also may benefit “step-up” buyers…buyers who have lived in their home for more than 5 years and buying “up.” However it shakes…this is great news. Below is the supporting article from DSNews.com...
Read MoreMaking Homes Affordable Short Sale Program …Harris Real Estate University
Tim Harris is always on top Short Sale Breaking News How does the proposed MHA Short Sale and Deed In Lieu program guidelines effect my Short Sale business? Recently, on another blog there was an article published that was misleading and (frankly) a little deceptive regarding the effects of MHA on the existing Short Sale process. I don’t often call attention to this sort of thing. But, today…I am making an exception. Why? Simple, our country…our industry doesn’t need anyone passing along incorrect information. So, starting today….whenever we come across misleading…incorrect...
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Attention Agents: Learn how to Short Sell, Rent and Buy Back for your Listings.
