Started this discussion. Last reply by William F Griffin Jr Apr 12, 2012. 4 Replies 0 Likes
Anyone else have this happen? I lost five files over the weekend without any notice or explanation. Even my negotiators cannot tell me why the file "disappeared." Due to what BOA calls a "glitch" in…Continue
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Posted on February 13, 2012 at 5:20am 0 Comments 0 Likes
As tax season approaches, and more importantly, the expiration of the Mortgage Debt Relief Act of 2007, it is important to review the tax consequences following a short sale. In general, the IRS will treat any canceled…
ContinuePosted on November 30, 2011 at 2:52pm 0 Comments 0 Likes
Getting a short sale approved is no easy task. Buyers can, and do, walk away if they feel the transaction is taking too long. Mortgage insurance companies frequently demand unreasonably high contributions from the seller, thus killing the deal. Servicing rights can be transferred to a new lender mid- transaction. The foreclosure auction occurs despite the lender repeatedly…
ContinuePosted on September 23, 2011 at 10:36am 1 Comment 1 Like
According to a recent report by California based RealtyTrac, distressed properties accounted for one third of all US housing sales in the second quarter of 2011. The glut of inventory is only going to increase as lenders slowly bounce back from the robosigning crisis and foreclosure filings begin to pick up around the country. A large portion of distressed sales are…
ContinuePosted on July 29, 2011 at 3:18am 2 Comments 0 Likes
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