Fannie Mae, Freddie Mac, and Ginnie Mae Own 95% of Home Loans

January 5, 2010

The US Government probably owns your home mortgage loan according to a letter released by the Federal Reserve Bank.
The huge resurgence of FHA loans is one of the reasons for the increases from 50% in 2006.  Also, the fact that these governmental organization are buying up loans at a rate of about $3billion a week…governmental [...]

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Breaking News from the Treasury about Short Sales

January 5, 2010

Mortgage Modification Conversion Drive:
New Changes:
* Lenders to PRE-APPROVE short sales.
* Lenders must FULLY RELEASE borrowers from any future obligation (no more deficiency judgment fear!)
* No more money out of pocket demands from second lien holders….or any payback of the debt what-so-ever.
* Borrowers who do a short sale will be PAID up to $1500 to do [...]

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Housing Market…Robert J. Shiller; Case/Shiller Index

January 4, 2010

2010….real estate recovery or more of the same?
This week we will be sharing with you what a few on the nations most influential leaders think will happen this year with housing.
First up, Mr. Robert J. Shiller…co-creator of the respected S&P/ Case Shiller Home Price Index.
Homeowners with the best credit are the next big risk for [...]

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HAFA…Short Sales Are Preffered by Lenders Over a Foreclosure!

January 4, 2010

Short Sales are the new buzz word for home owners and their LENDERS…..
Homeowners have been turning to Short Sales the past several years to help them avoid foreclosure, although it’s not been altogether easy it’s been working for most sellers that have gone down that path. This year brings promising changes for homeowners that [...]

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Owe More Than It’s Worth…Short Sell Your Home Today in Newport Beach

January 4, 2010

If you owe more on your home than it is worth…call us.
877-391-2338
We can assist you in selling your home in any state in the country.

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Tax Credit Bill Passed for New Home Buyers…and Move Ups

November 8, 2009

As promised….here are the details for the home buyer tax credit.
It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.
In addition to extending the tax credit of up to $8,000 [...]

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Senate Overwhelmingly Approves Homebuyer Tax Credit Extension

November 5, 2009

As predicted, the Senate approved the extension of the Home Buyers Tax Credit until April 2010.
The approval is as follows:

$8,000.00 for 1st time buyers
added $6,500.00 for “Move-up” buyers
An increase in qualified incomes were doubled from $75,000.00 to $125,000.00 for a Single purchaser and from $150,000.00 to $225,000.00  for Couples.

The extension passed the Senate 98 to [...]

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Short Sell and Buy Another Home At the Same time! It’s Here!

November 4, 2009

The proceeding story is copy write protected:
Breaking News*********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
As our subscribers know…Kim and I are always looking for the latest and greatest news on Short Sales.
I [...]

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Bank of America/Countrywide Streamlining Short Sale Process

November 4, 2009

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 [...]

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Now You Can Short Sale Your Home and Buy Another Home…At The Same Time

November 3, 2009

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 [...]

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