Wendy Rulnick's Blog – December 2009 Archive (2)

Aurora Loan Services Offer - Too Good To Be True?

A homeowner recently emailed me quite concerned about a letter she received from Aurora Loan Services. She had a second mortgage with them for $29,700 at 12% interest. She had never been late with her payments and was not selling as a short sale. The Aurora letter stated she could pay her loan off now at about one-third what was owed, and would have no further obligation on the note!



Dear Customer:



Aurora Loan Services, as a servicer of your loan, has been authorized by…
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Added by Wendy Rulnick on December 27, 2009 at 6:00am — 7 Comments

What is All the Hullabaloo about HAFA and Short Sales?

As you may have heard on the news, the U.S. Treasury is trying to make short sales, well, shorter! Many homeowners and buyers have been plagued for waiting months for short sale approvals. Realtors are at their wits end. Lenders are overloaded with requests. Waiting five months for a short sale approval is becoming…

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Added by Wendy Rulnick on December 10, 2009 at 1:00pm — 6 Comments

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