Short Sale With Two Lenders — US Bank & PHH Mortgage Short Sale Successfully Closed
Short sales with more than one lender are more complex. These two lender…Continue
Added by Tni LeBlanc (805) 878-9879 on December 31, 2012 at 11:55am — No Comments
Will Short Sales Be Pushed Off the Fiscal Cliff?
We can’t seem to hear enough about the fiscal cliff these days. Undoubtedly, the decision to extend the Mortgage Forgiveness Debt Relief Act is bound up in the logjam of the fiscal cliff. Indeed, given the current financial crisis, even the mortgage interest deduction seems up for grabs. As a result of Debt…Continue
Is 6 Months Too Long For Short Sale Approval?
I think 6 months is way too long for short sale approval. Short sale approval doesn’t happen in one day and buyers need to understand that — I get it. Lately, I’ve come across several short sale listings where the listing agent asks the buyer to wait…Continue
Added by Tni LeBlanc (805) 878-9879 on December 31, 2012 at 11:51am — No Comments
CHASE Home Loans & CHASE Home Equity Short Sale Approved in 37 Days!
We closed this CHASE short sale in record time – 37 days total for approval. This short sale was handled well by CHASE – it seems they have made some improvements in their processing, or at least it let’s you know when they want a short sale they know how to manage…Continue
Added by Tni LeBlanc (805) 878-9879 on December 31, 2012 at 11:49am — No Comments
BofA Introduces “Negotiation Agreement” for Loan Modifications
Recently, I was forwarded a recent loan modification agreement packet sent to a Bank of America borrower. It included a document I hadn’t seen before. It is entitled a “negotiation agreement.” I’m not sure if they are using this agreement throughout the country or just California.…Continue
Added by Tni LeBlanc (805) 878-9879 on December 31, 2012 at 11:48am — No Comments
Probably not. I think the hey day of the “strategic short sale” is at least taking a breather while the future of the Mortgage Forgiveness Debt Relief Act is still being…
Added by Tni LeBlanc (805) 878-9879 on December 31, 2012 at 11:47am — No Comments
My Bank Sold My Loan – Can I Still Do A Short Sale?
Has your mortgage loan been sold or “service released?” This should not affect your ability to apply for a short sale on your property. As a practical matter, it may cause a delay in processing. It may also affect your ability to apply for the HAFA program, if your new servicer does not…Continue
Added by Tni LeBlanc (805) 878-9879 on December 31, 2012 at 11:45am — No Comments
Significant Freddie Mac Short Sale Changes
This week I sat in on a webinar offered by Freddie Mac. The purpose was to educate short sale agents and would be short sale agents on recent changes Freddie Mac made to the way they handle short sales. It was overall a useful webinar full of lots of great information. Notably, in some circumstances, Freddie Mac will approve short sales without a missed payment. And now, Freddie Mac gives delegated…Continue
Added by Tni LeBlanc (805) 878-9879 on December 31, 2012 at 11:43am — No Comments
.........if you don't want to do Short Sales…Continue
Added by Michelle Adams on December 28, 2012 at 5:24pm — No Comments
Feels like they isn't as many short sales coming across my desk. Could it be possible that short sales could be going back down to a minimum??
Added by Genie Shook on December 26, 2012 at 1:13pm — No Comments
Just received a charming Christmas Eve short sale "decline" after patiently waiting since August 2012 for an approval. Reason - "strategic default" - DECLINED.
This loan is through the SchoolsFirst Federal Credit Union formerly the OCFTCU. My seller had to relocate her mother and father to care for them as her mother was diagnosed with cancer early last year. She and her parents purchased a home together where they live now. She is $150,000 upside down on her existing home. …
Dedicated to bringing homeowners across the nation the latest news on short sales, we’ve discovered new information on the Home Affordable Foreclosure Alternatives program (HAFA) for 2013. Let’s explore the updates on HAFA’s success for 2012, what these new policies are for 2013, and when they will be in effect.
For those who do not know what HAFA is, it is a…Continue
Added by Peter J Kim on December 24, 2012 at 12:53am — No Comments
Anybody use this company on Equator for Hafa short sales.
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Whether you are dealing or have dealt with a short sale, foreclosure, BK, delinquency on your mortgage payments, or have a number of late payments elsewhere, your credit score is damaged and your finances are most likely in lockstep. However, recovering with bad credit will be difficult as interest rates inflate the cost of living and affect various…Continue
Added by Peter J Kim on December 17, 2012 at 1:21am — No Comments
Good morning Superstars.
Here are this week's Superstar discussions.
Added by Bryant Tutas on December 16, 2012 at 5:30am — No Comments
I have an upcoming short sale with Ocwen on the 1st and BofA on the 2nd. The couple has been divorced for at least 4 years. He is living in another state, she is in charge of the residence. He has really washed his hands of the house. I am suspecting it will be like pulling teeth to get his paperwork for submitting the short sale. Can he be quit claimed off title hoping that I only need to get her paperwork? Your experience will be greatly appreciated. Thanks
Monday and Tues of this week I spend 2 full days at a seminar presented by Alex Charfen of the Charfen Institute. The seminar is called AgentGPS, which stands for Growth Profitability & Stability. What a wonderful course. Instead of a presenter force-feeding you information, Alex presented us with the tools needed to basically either start your business over from scratch or make some minor adjustments to your business to get it to the next level. The seminar is just the start. It's…Continue
Added by Steven Angelil on December 13, 2012 at 1:44pm — No Comments
According to a real estate study conducted by USC, the Southern California commercial real estate market is on the rise, which could include the Banning CA commercial real estate market as well.
According to the article:
"The office and industrial real estate sectors continue to improve for Southern California landlords, a report…Continue
Added by Garrigus Real Estate Group on December 12, 2012 at 2:30pm — No Comments