by Admin | Jun 4, 2010 | Bank of America, Fannie Mae, Freddie Mac, HAFA Government Program
My very skeptical thoughts on this… Short Sales are successful, however, BofA does not want to pay the commissions, pay toward the 2nd and 3rd lien holders, past due taxes, etc…that is required in a Short Sale and in the HAFA program. Bank of America... by Admin | Jun 4, 2010 | Frequently Asked Q&A about Short Sales
This is fantastic news from Jack Schakett, Bank of America Senior Vice President for credit loss and mitigation strategies. A huge stumbling block for a homeowner doing a Short Sale is the fact that their lender may pursue a deficiency judgement. The government has... by Admin | Jun 3, 2010 | Government Bills, Regulations and other news affecting
This was such an uplifting and unexpected turn of events in our city. It makes us proud to be Residents of this city. Here is the story from our local newspaper. What is sad is that the newpapers editor had to find some “athiest” clown from another... by Admin | Jun 3, 2010 | Frequently Asked Q&A about Short Sales
Obviously as prices come down, which obviously they have, renters who never thought they could afford a home now can. Add in a couple of government subsidies, like a tax credit and artificially low mortgage interest rates, and a touch of desperate un- or... by Admin | Jun 2, 2010 | Frequently Asked Q&A about Short Sales
First an explanation of what a Strategic Short Sale really is….. You own a home that is upside down in equity. You can afford to make the monthly payments. You have made a decision to Short Sale the property and cut your losses-thinking non emotional about an...
