Bank of America/Countrywide Streamlining Their Short Sale Process

Say it ain’t so… Bank of America/Countrywide are coordinating with an outside company REOTRANS to manage and streamline the Short Sale process. After months and months of crys and moans over the BofA short sale…we’re getting news that there has...

California Associaiton of Realtors (CAR) is a Liar! There…I Said It!

“California’s rollercoaster ride to end?” Let me preface…This is the title to the article just released by INMAN News…I’m not bashing Inman…it’s just reporting a story. ******************** I am not a member of CAR for...

Banks Promoting Short Sales As Alternative To Foreclosure

Finally, we are hearing the lenders/banks tell their clients there are alternatives to foreclosure!  At a recent conference for real estate agents handling foreclosures the buzz word was Short Sales….. According to high ranking officials at Fanni Mae, Freddi Mac...

New Housing Crash Will Send Shadow Inventory Above 7 Million…Analysts Say

In a recent article in the Wall Street Journal, Analysts from Amherst Securities projected a come back of over 7 million new foreclosures. Which is 5.5 x’s the amount as in 2005. The causes range from failed Loan Modifications, Legal wrangling, re-defaults of...

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