DSNEWS Endorses Short Sales as The Alternative to Foreclosures

Default Servicing News has highlighted Short Sales as the alternative to foreclosure… HAFA (Homes Affordable Foreclosure Alternatives) …a build on HAMP,  was introduced November 2009. It is a tremendous stride forward to protect the American Homeowner who...

Laguna Niguel Distressed Property At 50% Decline In Home Value…Short Sale!

I’m sure that many of you reading this will relate to what has happened in a lovely Laguna Niguel neighborhood over the past year. Because it’s most likely happened to you or someone you know. We wanted to take some time and share this because so many...

FHA Guidelines Buying A Home After A Short Sale

The Department of Housing and Urban Development (HUD) released a letter to lenders regarding borrower eligibility for a new Federal Housing Administration (FHA) mortgage after pursuing a short sale. Here is the actual language from the new FHA Guidelines: FHA Guidance...

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

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...

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