Owe IRS Taxes? IRS Lowers Restrictions for Offer In Compromise (OIC)
Check this out...IRS is easing there "Offer in Compromise" terms to reflect actually current hardships of taxpayers that owe past due taxes. Please read... The Internal Revenue Service has expanded its “Fresh Start” campaign by...
California NOD Filings Down to 2007 Levels First Half of 2012
California may have some rough patches in it, but overall, with the worst part of the housing crises appearing to be over, the state is seeing fewer delinquencies and losing a smaller number of homes to foreclosure, according to a San Diego-based real estate data...
JP Morgan Chase Leading with Successful Short Sale Processing
JPMorgan Chase completed short sales on 61% of its delinquent mortgage liquidations in 2011, the most of any servicer, according to data compiled by the bank's securities research group. JPMorgan Chase completed short sales on 61% of its delinquent mortgage...
Why We Don’t Want the Sellers Present When Showing A Short Sale Home
It’s the dreaded question real estate agents fear when speaking to the seller. “May I be present at the open house or showing?” At this point, most agents will pause, take a deep breath and think of all the reasons why this is the worst idea possible. Having the...
FHA Puts Onus On Lenders…Fraud or Mistakes In Underwriting Will Cost Them!
By NICK TIMIRAOS The Federal Housing Administration, the government agency that insures a bigger and bigger portion of home loans, plans to rely more heavily on lenders to police mortgage brokers. The changes will put more of the onus on lenders to make sure there is...
Government "Go Green" =Fannie, Freddie NO Green
By Nick Timiraos Fannie Mae and Freddie Mac are giving the cold shoulder to a White House-backed effort to encourage Americans to make their homes more energy efficient. The initiative, called Property Assessed Clean Energy, or PACE, aims to eliminate the high upfront...
NO….Really….Bailouts Have Discouraged Banks From Lending…
John Tamny, 05.17.10, 06:00 AM EDT After a near-death experience, formerly insolvent banks are being overly cautious. According to Federal Reserve statistics, U.S. banks have reduced corporate lending in each of the last 12 months. A still uncertain economic outlook...
Curtis Jackson(50 Cent)Not Alone In Falling Home Values…Strategic Default Short Sale?
50 Cent (Curtis Jackson) Was $18.5 million Now $10.9 million Price cut: $7.6 million Rapper 50 Cent thought he had a steal when he bought Mike Tyson's former home in Farmington, Connecticut, which he purchased from Tyson's ex-wife for just $4.1 million (She originally...
Shift Of Focus From Owning To Renting…Strategic Default Short Sales?
By: Diana Olick CNBC Real Estate Reporter The Administration isn't officially considering it, maybe not "actively" considering it, not even taking a side on it per se. According to "staff" it was just a "musing." At a small conclave of reporters, no cameras allowed,...
Strategic Short Sale Default…NBC Video…Banks Are Walking Away!
We are going to be posting a series of videos, please watch them. Our housing market is in serious trouble, walking away from your mortgage and foreclosing with your lender is not going to help the housing market recover or help you long term in most cases. There is a...
Pay or Walk Away From Upside Down Mortgages… Strategic Default Short Sale
We are going to be posting a series of videos, please watch them. Our housing market is in serious trouble, walking away from your mortgage and foreclosing with your lender is not going to help the housing market recover or help you long term in most cases. There is a...
60 Minutes Video… Strategic Short Sales
We are going to be posting a series of videos, please watch them. Our housing market is in serious trouble, walking away from your mortgage and foreclosing with your lender is not going to help the housing market recover or help you long term in most cases. There is a...
Housing Market Crisis….Strategic Default Short Sales..Crisis Looming!
We are going to be posting a series of videos, please watch them. Our housing market is in serious trouble, walking away from your mortgage and foreclosing with your lender is not going to help the housing market recover or help you long term in most cases. There is a...