California Foreclosures Increase 63% in November…More Short Sales
LA Times shared this article... Not surprising that we see this increase...FHA, Fannie and Freddie are filing suit against it's services on it's loans that if the Homeowner is in the foreclosure process, that the servicer must proceed with trustee sale...
Loan Modifications Failing As Banks Suggest Short Sales To Avoid Foreclosure
Mortgage modifications under the government's bailout program, permanent and trials, and as well as proprietary modifications made by the big banks continue to fall and are falling at an increasing clip. CNBC.com Around 17 percent of permanent modifications failed...
Fairness in Foreclosures Act of 2011 H.R. 3566 No Deficiency Judgment for Short Sales?
I like it when our elected officials get excited about a program that helps homeowners and former homeowners in specific. this bill introduced by Rep. Edolphus “Ed” Towns (NY-10) is a great idea...however, this proposed bill completely eludes the Short Sale. Not even...
Bank of America Foreclosure Moratorium! Happy Thanksgiving and Merry Christmas…More Short Sales?
This released from Bank of America... As the holidays approach, Bank of America will comply with applicable Holiday Moratorium requirements to avoid causing emotional distress to the occupants of a property. For this reason, foreclosures, evictions, relocation...
Short Sale 2nds Taking Illegal Kick Backs
Banks Taking Kick Backs Kim and I run across this all the time. IT IS ILLEGAL Most recently we have been requested from Citi and Bank of America Negotiator did not care...It's clearly in violation of REPA laws. FASLO Solutions is another violator...they go as far as...
Jim Cramer Speaks "Shadow Inventory" and Making a Profit
Shadow Inventory of Homes...How to profit? Jim Cramer says...
Short Sell Your Home…It's a Business Decision…VIDEO
Short Sell your home...it's a business decision!
DSNEWS Endorses Short Sales as The Alternative to Foreclosures
Default Servicing News has highlighted Short Sales as the alternative to foreclosure... HAFA (Homes Affordable Foreclosure Alternatives) ...a build on HAMP, was introduced November 2009. It is a tremendous stride forward to protect the American Homeowner who is in a...
Laguna Niguel Distressed Property At 50% Decline In Home Value…Short Sale!
I'm sure that many of you reading this will relate to what has happened in a lovely Laguna Niguel neighborhood over the past year. Because it's most likely happened to you or someone you know. We wanted to take some time and share this because so many homeowners are...
FHA Guidelines Buying A Home After A Short Sale
The Department of Housing and Urban Development (HUD) released a letter to lenders regarding borrower eligibility for a new Federal Housing Administration (FHA) mortgage after pursuing a short sale. Here is the actual language from the new FHA Guidelines: FHA Guidance...
Fannie Mae, Freddie Mac, and Ginnie Mae Own 95% of Home Loans
The US Government probably owns your home mortgage loan according to a letter released by the Federal Reserve Bank. The huge resurgence of FHA loans is one of the reasons for the increases from 50% in 2006. Also, the fact that these governmental organization are...
Breaking News from the Treasury about Short Sales
Mortgage Modification Conversion Drive: New Changes: * Lenders to PRE-APPROVE short sales. * Lenders must FULLY RELEASE borrowers from any future obligation (no more deficiency judgment fear!) * No more money out of pocket demands from second lien holders….or any...
Housing Market…Robert J. Shiller; Case/Shiller Index
2010….real estate recovery or more of the same? This week we will be sharing with you what a few on the nations most influential leaders think will happen this year with housing. First up, Mr. Robert J. Shiller…co-creator of the respected S&P/ Case Shiller Home...
HAFA…Short Sales Are Preffered by Lenders Over a Foreclosure!
Short Sales are the new buzz word for home owners and their LENDERS..... Homeowners have been turning to Short Sales the past several years to help them avoid foreclosure, although it's not been altogether easy it's been working for most sellers that have gone down...