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    Archive for the 'Short Sales & Foreclosures' Category

    More Short Sales Are Coming In 2011

    Categories: Short Sales & Foreclosures Posted on January 6th, 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...

    Written by Jon Bunn 2 Comments »

    Does The Foreclosure Moratorium Affect Short Sales?

    Categories: Local Issues, Short Sales & Foreclosures Posted on October 15th, 2010

    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...

    Written by Jon Bunn 1 Comment »

    A CHASE Short Sale Approval Letter

    Categories: Short Sales & Foreclosures Posted on June 30th, 2010

    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...

    Written by Jon Bunn 1 Comment »

    A Real Estate Certification That Matters

    Categories: Sellers, Short Sales & Foreclosures Posted on June 9th, 2010

    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...

    Written by Jon Bunn Please leave a comment.

    Fannie And Freddie Roll Out Their HAFA Short Sale Programs

    Categories: Short Sales & Foreclosures Posted on June 3rd, 2010

    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...

    Written by Jon Bunn Please leave a comment.

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