December 2013 Blog Posts (21)

Do lenders typically waive deficiency judgments on commercial deals?

"What's the best way to go about getting a lender to waive a deficiency judgement on a commercial deal?"

Added by Derik Bjorgo on December 20, 2013 at 1:37pm — 1 Comment

NAILTA supports another extension of the Mortgage Forgiveness Debt Relief Act (MDRA) through 2015

NAILTA supports another extension of the Mortgage Forgiveness Debt Relief Act (MDRA) through 2015.  Why is this important? Several reasons: The law spares homeowners who receive principal reductions on their mortgages from being hit with hefty federal income taxes on the amounts…

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Added by Scott D. Remenaric on December 19, 2013 at 7:40pm — No Comments

New Changes to Bank of America's Short Sale Process

To improve the customer experience, Bank of America has enhanced it's home retention application and document collection process in an effort to help customers explore all opportunities to resolve their mortgage delinquency. Changes to their home retention evaluation process have been implemented to support that commitment.

What has changed?



Application & document collection process:

A…

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Added by Jason Opland on December 19, 2013 at 11:51am — No Comments

3 Tips to Staging the Inside of Your Home Like a Pro

Added by David Heroux on December 14, 2013 at 9:58am — No Comments

pg3 Steps You Must Do If You Want To Pay Off Your Mortgage In 7 Years Or Less

Added by David Heroux on December 13, 2013 at 10:29am — No Comments

Do " Special Personal Representatives" for a Deceased Person's Estate have to provide their personal financial information?

I have a short sale for a deceased single person with no significant other who passed away. The estate with no positive assets and actually a lot of debt, including $20K in child support, was left to his 2 kids. (He has been divorced for at least 10 years). A person (not ex wife) with no financial interest in the property and who did not inherit anything (except a headache) is handling the estate as the "Special Personal Representative". This person is married and doesn't even live in the…

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Added by Holly Jessop on December 12, 2013 at 12:51pm — 4 Comments

3 Steps You Must Do If You Want To Pay Off Your Mortgage In 7 Years Or Less

Added by David Heroux on December 11, 2013 at 4:58pm — No Comments

Wisconsin October 2013 Housing Statistics

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

Wisconsin’s red-hot real estate market cooled in October, with sales of existing homes nearly identical to October of last year, according to the most recent housing report…

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Added by Michael Collins, CDPE, SFR on December 11, 2013 at 9:17am — No Comments

On loan but not on title... need to do a short sale.. Help

I am having some trouble with a possible short sale listing. The seller who brought me the property is only on the loan and not on title. I am needing some help to determine if I need to have the other people on title removed prior to moving forward with the short sale. Does anyone have any experience with this?

Added by Shelby Hale on December 10, 2013 at 9:41am — No Comments

IRS 1099

The government has not renewed the IRS 1099 rule yet.  No one knows if they are going to renew.  If you have a short sale pending to close it needs to close before the end of the year while the rule is still in place.

Added by Scott D. Remenaric on December 10, 2013 at 7:55am — 2 Comments

SOLD! N6722 County Road B-Lake Mills, WI

SOLD! N6722 County Rd. B-Lake Mills, WI: This property had Multiple Liens and was FHA underwritten. Contact me to help Facilitate your Short Sale.  www.WIShortSaleSolution.com Like my on Facebook: https://www.facebook.com/WIShortSaleSolution. I help Seller's and Agents.

Added by Amber Castonguay on December 10, 2013 at 7:00am — No Comments

Why Interest Rates Are Rising

Added by David Heroux on December 9, 2013 at 7:31pm — No Comments

3 Terms Every Mortgage Holder Should Know

Added by David Heroux on December 8, 2013 at 2:20pm — No Comments

3 Pitfalls to Avoid When Playing in the Real Estate Game

Added by David Heroux on December 7, 2013 at 1:55pm — No Comments

Dear Potential Allied Partner,   Wanted to reach out to you with some exciting news and opportunity. As you may or may not know, our Team (Metro Associates) left our previous brokerage to join forces…

Dear Potential Allied Partner,

 

Wanted to reach out to you with some exciting news and opportunity. As you may or may not know, our Team (Metro Associates) left our previous brokerage to join forces with HER Realtors.…

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Added by DON BUSH on December 6, 2013 at 1:08pm — No Comments

Bad Credit But Need A Mortgage ?

Added by David Heroux on December 4, 2013 at 6:34pm — No Comments

"Successful real estate investor tips"

Added by David Heroux on December 3, 2013 at 9:02pm — No Comments

Need Assistance Disputing Value with Freddie Mac

Does anyone have a good email address for Freddie Mac disputes?  I just sent one to

fmbh@freddiemac.com but was notified that delivery failed.  Have a foreclosure date a week out, any assistance would be most helpful.  Thank you!

Added by Mega-Pros on December 2, 2013 at 2:39pm — No Comments

GSEs New Short Sale Policies / Servicing Guidelines

Fannie Mae and Freddie Mac announced changes to their Servicing Guides aimed at helping more borrowers avoid foreclosure through short sales and deeds-in-lieu of foreclosure (DILs).

Some of the changes are to align with…

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Added by Jason Opland on December 2, 2013 at 9:59am — 4 Comments

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