California 21 Day Turn Around For Short Sales…Unfortunately NO
After a lengthy conversation with Senator Calderon's Representative's, California Senate Bill 306 was explained to be of use for Escrow and Escrow Officers to be able to have direct access to lenders to obtain timely Short Sale Pay Offs. Unfortunately, it is a...
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 and...
Loan Modification Scam…California State Bar Releases Names of Attorneys Under Investigation
Wish I could say I'm Shocked....! Imagine that, more people preying on homeowners desperation to keep a roof over their families head. This time it's attorney's that are taking all they can from these unfortunate people. Hot off the press: The state bar of...
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 loan...
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