by Admin | Jun 4, 2010 | Frequently Asked Q&A about Short Sales
This is fantastic news from Jack Schakett, Bank of America Senior Vice President for credit loss and mitigation strategies. A huge stumbling block for a homeowner doing a Short Sale is the fact that their lender may pursue a deficiency judgement. The government has... by Admin | Jun 3, 2010 | Government Bills, Regulations and other news affecting
This was such an uplifting and unexpected turn of events in our city. It makes us proud to be Residents of this city. Here is the story from our local newspaper. What is sad is that the newpapers editor had to find some “athiest” clown from another... by Admin | Jun 3, 2010 | Frequently Asked Q&A about Short Sales
Obviously as prices come down, which obviously they have, renters who never thought they could afford a home now can. Add in a couple of government subsidies, like a tax credit and artificially low mortgage interest rates, and a touch of desperate un- or... by Admin | Jun 2, 2010 | Frequently Asked Q&A about Short Sales
First an explanation of what a Strategic Short Sale really is….. You own a home that is upside down in equity. You can afford to make the monthly payments. You have made a decision to Short Sale the property and cut your losses-thinking non emotional about an... by Admin | Jun 2, 2010 | Fannie Mae, Freddie Mac, Frequently Asked Q&A about Short Sales
This morning executives at Bank of America[BAC 15.81 0.37 (+2.4%) ] rolled out their new “Principal Reduction Enhancement” program, which is an earned principal forgiveness plan for borrowers behind on their mortgages and whose loans are at least 20...
