November 2013 Blog Posts (27)

Auction.com most common scams

Please help

 

I need an attorney to fight this.

I am a buyer on a shortsale property that was transfered from BOA to NationStar/Auction.com.

I was told by Auction.com that since I wrote an offer on this property I should wait until Auction is finalized.

Once they know the final bid they will offer it to me and if I was not interested they will sell it to the bidder.

Yeasteday the property gone through online auction with auction.com and I watched it…

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Added by Asefeh Shirafkan on November 11, 2013 at 7:49am — No Comments

Federal Mortgage Foregivness Debt releif act

 Does anyone have any info on the extension of the of this? It is due to expire end of this year I beleive. My tax guy thinks it will be extende at the end of this year.

 

Bryan.

Added by Bryan Rockwell on November 6, 2013 at 3:40pm — No Comments

When To Walk Away From A Bad Mortgage

Added by David Heroux on November 5, 2013 at 6:54am — No Comments

American Homeowner Preservation Acquires 128 Distressed Assets

American Homeowner Preservation (“AHP”)  announced today the acquisition of 128 non-performing mortgage and REO assets on October 31, 2013. The assets are located nationwide in over 20 states, from California to Florida.AHP utilizes private investors to fund acquisitions of distressed assets from both banks and hedge funds. By taking control of the mortgages…

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Added by Jorge Newbery on November 4, 2013 at 9:00am — No Comments

I Need Help!

Nations is the 1st, PNC is the 2nd - prior to that BoA was first - was under contract for $585k - BoA would have received a full pay-off if not for the added $117k fees but BoA accepted the offer but would only allow $8k to PNC (UPB was $226k) - PNC wanted $68k & said realtors, buyers or sellers could make up the difference!  Could not get PNC to budge & BoA would not pay more - deal was dead, taken off market. Now Nations acquired the note from BoA and wants seller to list the…

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Added by Cindy Billman, CDPE, SFR on November 4, 2013 at 3:15am — No Comments

Fannie Mae Countering above their own values

If you are in a real estate market that is going strong and values are increasing then this applies to you. My reliable sources have informed me that Fannie Mae will counter your offer above what their BPO or appraisal came in at.

As of November 1, 2013 they are instructing servicers to submit  all offers to them where the net proceeds are less than what they have required They are stating that they want the sales price to be inline with how their REO's are handled.

They are…

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Added by Tony Morales on November 1, 2013 at 9:00am — No Comments

Wisconsin September 2013 Housing Statistics

The Wisconsin housing statistics are in for September of 2013. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Wisconsin home sales were very strong in September, continuing the robust pace that has characterized the year. Sales of existing homes were up 15.8 percent in September…

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Added by Michael Collins, CDPE, SFR on November 1, 2013 at 3:26am — No Comments

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