Possibly. I had a member of Short Sale Superstars wonder why a Mortgage Insurance Company would let a property go to foreclosure instead of agreeing to a Short Sale now. The property is in a non-recourse State so the Seller is protected from any deficiency judgments after a foreclosure. So why wouldn't the MI just settle now and be done with it?

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I found this in our FAR newsletter today:

NAR: U.S. bill would speed short sales WASHINGTON – April 14, 2011 – A new bill introduced into the U.S. House Tuesday would, if it becomes law, improve the process for approving short sales, bringing relief to distressed homeowners who can’t keep their homes and hope to avoid foreclosure.



The bill, supported by the National Association of Realtors®  (NAR), would impose a 45-day…

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Hi folks. Why would a Lender consider a Strategic Short Sale? This article may help answer that question.

A Strategic Short Sale is a choice. It's a choice made by a seller (borrower) to sell their property to get out from under a mortgage that no longer makes sense and put their money elsewhere. These borrowers do not have a "normal" hardship.…

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Here's what I think......

In Florida it is perfectly legal to give commission rebates. The rebate just has to be disclosed to the parties of the contract (buyer and seller). By the way, 40 States allow commission rebates.…

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