Archive for the 'Short Sales & Foreclosures' Category
More Short Sales Are Coming In 2011
You have heard horror stories from your friends about the time involved in short sales and why you should avoid them. However, with the economy continuing to correct itself and with one in five borrowers under water on their home, short sales will not be going away any time...
Does The Foreclosure Moratorium Affect Short Sales?
You have most likely heard that many banks nation wide are placing a moratorium on foreclosures for a season. While banks and the government work out the legalities and issues at hand in judicial states (Virginia is non-judicial) the question is now at hand... "Will this affect short sales."
The answer...
A CHASE Short Sale Approval Letter
I just settled one of the more complicated short sales I have handled yesterday. I thought I would share with you what the first page of a short sale letter looks like.
Bank- CHASE
Approval- In around 60 days
Amount Forgiven- Around 50K
Hurdles- TAX LIEN, Bank Removal Of Closing Help, Bad BPO
First Listed...
A Real Estate Certification That Matters
There are a lot of certifications out there for agents to achieve. Most consumers such as yourself have not clue what they mean nor do you care. You are simply looking for an agent who can get the job done with excellence.
I have never been a certification chaser since taking...
Fannie And Freddie Roll Out Their HAFA Short Sale Programs
Fannie Mae and Freddie Mac have been processing short sales for years. However, when the HAFA plan was released on April 5th of 2010 Fannie and Freddie did not participate.
Yesterday they released their semi complex plans on how they will participate in the program for the next couple years beginning...
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