Making Changes….Is A Short Sale Right For You?
It's just 4 walls... Sometimes the toughest things in life are making changes, big changes that will cause great change in your daily life as well as your families life. I'm talking to anyone that is a homeowner and is confused, scared, just plain struggling...
Bank of America HAFA Guideline Changes for June 1, 2012
Home Affordable Foreclosure Alternatives (HAFA) Short Sale Update HAFA Supplemental Directive 12-02, effective June 1, 2012, impacts short sales with loans from non-government-sponsored enterprises in which the homeowner is eligible for the HAFA program. Key...
CHASE Dominates HARP 2.0
Wells Fargo and JPMorgan Chase dominated new Home Affordable Refinance Program loans so far, according to bank analysts. The Federal Housing Finance Agency HARP to allow more severely underwater Fannie Mae and Freddie Mac borrowers refinance. HARP refis...
Bank of America Forgiving 2nd Lien’s
Bank of America just announced that they will adhere to recent government pressure and begin releasing 2nd liens and releasing their rights to pursuing the seller of a Short Sale. What Bank of AMerica is offering is a result of the agreement with the Nations States...
Bank Of America, Citigroup Incorrectly Hid Billions In Repo Debt
If you follow the banking and housing market, there has always been a 2+2=5 for us...something just didn't add up. How do the largest banks in the US produce enormous gains when all around is collapsing...their coffers of homes are growing in essence becoming the...
Active Army, Navy, Marines, Air Force, Cost Gaurd & Reserves…Soldiers & Sailors Act Protects against Foreclosure
God Bless America! The Soldiers’ and Sailors’ Civil Relief Act of 1940 (SSCRA) was updated and amended in 2003 by President Bush. This Act was created to protect our Fellows in Arms during their "Active Service". Many of our soldiers we're non-active in the National...
The Winner Is?? Low Home Prices-Low Mortgage Rates Or Tough Economy-Too Much Shadow Inventory
Mortgage Applications To Purchase Homes Fall To 13 Year Low!
Home Prices Remain 31% Below July 2006 Peek….
76% Of Consumers Prefer Renting to Owning A Home in Current Economic Climate
Freedom from high maintenance costs are top of mind concerns for consumers that are choosing to rent and not buy in this current economy. Financial concerns, rise in unemployment have many Americans playing it as safe as they can.....
Uma is Bailing Out of Greenwich Townhouse…for $14.5Million
Actress Uma Thurman is reportedly selling her Greenwich Village townhouse for $14.2 million and only the fit and energetic should apply as new owners. Thurman’s townhouse is 25 feet wide and five stories tall — with no elevator in sight. It is now apparent how Uma...
8.4 Months Of Homes On The Market And Growing!
What does that mean? "Total months’ supply increased to 8.4 from 8.1 in March, driven by an 11.5% increase in absolute inventories. This reflects a larger increase than the typical 6% rise in inventories from March-April, as we think people listed more homes for sale...