Are you feeling overwhelmed in your home and mortgage? You are not alone. Many are feeling the same problem and it is growing in numbers.
Both the Military and Fannie Mae have set up web pages to help you through the maze and give you the options that may be available to you to either save your home or complete a short sale.
The short sale does allow you to sell your home for less than what you owe so that the home is not foreclosed. While this…
ContinueAdded by Faye Taylor on August 5, 2010 at 6:44am — No Comments
Added by joe beauchamp on August 2, 2010 at 6:41pm — No Comments
Added by Jean Stevenson on August 2, 2010 at 1:30pm — No Comments
For many distressed home sellers, the term "BPO' is totally greek. Sadly enough, it doesn't ring a bell with many Realtors either. What's more disturbing is that very few Realtors consider the significance or the power of someone else (who's probably traveled for more than 30 miles away) taking a look at your property and giving their opinion of what it would sell for in today's market....sounds simple, right??? It's much more complicated than that.
The reality is that the…
ContinueAdded by Vanessa Calhoun on August 2, 2010 at 11:00am — No Comments
This is my first BofA SS to negotiate...... Its has all gone fairly smooth considering its an FHA deal so we have not had to deal with Equator...THANK GOD!
We received our HUD 90045 today stating net price $220k which is 88% of appraised value of $250k. Listed property 4/24/10 (over 60 days on market and this is our only offer). Purcahse Offer $200k. Per HUD guidelines: Properties listed over 60 days should reflect 84% of appraised value....which still is not where we need to…
ContinueAdded by Susan Williams on August 2, 2010 at 9:36am — 3 Comments
I am in my 4th year of doing pretty much nothing but short sales and I have never run into a bank that is so unreasonable as US Bank.We have an original purchase money first wuth Chase and a refi 2nd with US Bank of $46K. The cash from the refi paid for the kitchen remodel that was done. Seller got married and then husband was relocated to another state for work. Both are short selling in CA.
I thought this would be pretty easy with the first being original purchase funds in…
ContinueAdded by Robin Watson-Bird on August 1, 2010 at 10:00pm — 2 Comments
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