Banks Promoting Short Sales As Alternative To Foreclosure

Finally, we are hearing the lenders/banks tell their clients there are alternatives to foreclosure!  At a recent conference for real estate agents handling foreclosures the buzz word was Short Sales….. According to high ranking officials at Fanni Mae, Freddi Mac...

New Housing Crash Will Send Shadow Inventory Above 7 Million…Analysts Say

In a recent article in the Wall Street Journal, Analysts from Amherst Securities projected a come back of over 7 million new foreclosures. Which is 5.5 x’s the amount as in 2005. The causes range from failed Loan Modifications, Legal wrangling, re-defaults of...

Governor Signs Important Legislation California SB 306

The California Senate passed SB306 today… After a lengthy conversation with Senator Calderon the bill was explained to be of use for Escrow and Escrow Officers to be able to have direct access to lenders to obtain Short Sale Pay Offs. Unfortunately, it is a...

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