Jane Armstrong, Las Vegas Broker Highlighted on CNBC Power House
Jane Armstrong, one of our Short Sale Graduate Students with Harris University... Congratulations for this great expose' on CNBC and sharing your inside knowledge...watch this video...
Fannie Mae Forcing Foreclsoure to Make More Money…Short Sale Sabotage?
Just reported today from We The People.com... It appears that Fannie Mae, the Government Subsidized Entity (GSE) is gouging homeowners in trouble with a standardized decree to request a minimum of 20% more than market value...on their Fannie Mae backed short sales....
California Homeowners: Changes to Laws on Foreclosure…Short Sale is the Answer!
California Court of Appeals (4th District) overturned CCP 580d as it pertains to protecting homeowners that choose foreclosure over Short Sale. California law "protected" homeowners that chose foreclosure as an alternative if the lenders that were foreclosed on 1st...
Senate Approves Fiscal Cliff and Includes Extension of the Mortgage Debt Tax Relief for Short Sales
Early this New Years morning, the Senate approved the budget to "avoid" the fiscal cliff that would have lead Americans into a financial tizzy. As long as the House votes this in, we're all good. Meaning? If you sell your home for less than what you owe, Short Sale,...
Obama's Fix For Freddie Mac And Fannie Mae…Good Bank-Bad Bank?
Just Announced! Bank Of America Tests New Co-Op Short Sale…For True Hardship Situations
Matt Vernon Bank of America Short Sale and REO Executive Just when you think Bank of America has it "goin-on"...Matt Vernon (BofA REO & Short Sale Honcho) sends out this mind numbing response to the new program..."It's a test" and it will be in place for...
600,000 In Real Estate Owned…? Foreclosures, Short Sales…
Bailout for Unemployed Borrowers To Help Them Pay Mortgages
We knew it was coming, as it was part of the recently signed financial reform bill, but today the Obama Administration announced it would be sending another $1 billion to unemployed borrowers to help them pay their mortgages. Here's part of the release: "This new...
Bank of America HPO Cooperative Short Sale Program is being Rolled Out
Breaking news. Bank of America is rollling out the HPO Short Sale program...not sure what HPO acronym means? The program also refered to as "Cooperative Short Sale Program". It's a turnkey solution that: Pays the seller up to $3,000.00 at close of escrow Releases the...
Orange County Short Sales Up In June…1 In 4 Sold Short Sale
Not surprising....Just printed in Orange County Register: One out of every four homes sold in Orange County in June went for less than the seller owed on the mortgage, according to the latest figures from the Southern California Multiple Listing Service. SoCal MLS...
Default Rates Continue To Rise At Record Rates
Homeowners with excellent credit seem to be next wave of Short Sales
We've all been following the headlines regarding Strategic Walk-Aways...basically a voluntary foreclosure. For us, this that week has brought unexpected increases in homeowners that are facing ultimate foreclosure or giving up their home and doing a short sale. Here's...
Foreclosures on the Rise, more short sales to follow
Bank of America or Countrywide…Insurance Scam Means Faster Short Sale Approvals
Bank of America gets caught with their hand in the cookie jar and blames Countrywide. But doesn't Bank of America own Countrywide? Yes! When Bank of America took over Countrywide in 2008 during the worst housing crash since the Great Depression, according to...