by Kris and Kim Darney | Nov 14, 2013 | Short Sales Stop Foreclosure
This just released by DS News.com . Not surprising…and yet, many agents are still missing the boat on assisting distressed Property owners by refusing to complete short sales. New foreclosures were up from the previous month in 22 states, including Colorado...
by Kris and Kim Darney | Nov 14, 2013 | Government Bills, Regulations and other news affecting, Short Sell and Rent Back Program
Back in early 2010, the Hardest Hit Fund (HHF) was established by the Treasury to help certain hard-hit states deal with heightened unemployment and foreclosure activity. A total of 18 states and the District of Columbia were allocated roughly $7.6 billion in federal...
by Kris and Kim Darney | Nov 8, 2013 | Fannie Mae, Government Bills, Regulations and other news affecting
Great news for (previous) short sellers who have been forced to remain on the sidelines because their short sale was being (mis) reported as a foreclosure on their credit reports. Fannie Mae has designed a fix for a computer software problem that erroneously reported...
by Kris and Kim Darney | Sep 25, 2013 | Government Bills, Regulations and other news affecting, Short Sell and Rent Back Program
Housing and Urban Development (HUD) just released updates to Pre-Foreclosure Sales (PFS) or Short Sales for FHA backed mortgages. What does this mean? If you list your FHA backed mortgage for short sale, your listing broker or agent may not represent the buyer as...
by Kris and Kim Darney | Sep 19, 2013 | Luxury Homes
According to new research from Forbes, The 400 richest people in the U.S. are now worth a record total of $2 trillion. Entry into this prestigious group starts at a net worth of $1.3 billion, while the average net worth of the group is $5 billion. Topping the 400...