by Admin | Jun 7, 2010 | Frequently Asked Q&A about Short Sales
In a recent article, Bank of America “Circles the Wagon” on principal reduction….Lot’s of “May” and “If”….nothing about how much principal “May” be written down…Until we get more... by Admin | Jun 4, 2010 | Government Bills, Regulations and other news affecting, Uncategorized
You know…the more we read about CA the less I am concerned that we are the litigious state that we have the esteemed label of being. Lot’s of new laws hitting the Halls of Sacramento for consideraton…laws that have already been in place in many other... by Admin | Jun 4, 2010 | Fannie Mae, Freddie Mac, Government Bills, Regulations and other news affecting, HAFA Government Program
This new bill will protect home owners facing foreclosure on their Single Family residence by: Making it mandatory for mortgage servicers, mortgage companies and banks to file a “declaration of compliance” stating that they have followed the CA state... by Admin | Jun 4, 2010 | Bank Negotiations and Short Sales in Southern California, Bank of America, How to Choose a Real Estate Agent when doing a Short Sale
This information is hot off the press…Thanks to the fine folks at Housing Wire… According to SNL Financial and Morgan Stanley Foreclosed Properties…Increased to $41.5 in Q1 ’10 up 12.4% from previous quarter. Shadow inventory up 9.1% in Q1... by Admin | Jun 4, 2010 | Bank of America, Fannie Mae, Freddie Mac, HAFA Government Program
My very skeptical thoughts on this… Short Sales are successful, however, BofA does not want to pay the commissions, pay toward the 2nd and 3rd lien holders, past due taxes, etc…that is required in a Short Sale and in the HAFA program. Bank of America...
