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Short Sale Tip of the Month

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Short Sale Tip of the Month Complete Short Sale Packages—Back to Basics You MUST be certain to submit a complete short sale package to each lender! This may seem like ShortSale101. So, no offense to the veterans among us. But, one of the number one reasons a short sale is denied or a short sale file… Read More

Should I buy a Fresno Short Sale or the Fresno Foreclosure?

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I’m frequently asked to explain the difference between a Fresno short sale and a Fresno foreclosure property. Fresno buyers in today’s market who are cash heavy and have a flexible time frame may be in the best position to purchase one of these Fresno short sale properties. Short Sales: A short sale is when a… Read More

Cheaper to foreclose than offer loan modifications?

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Cheaper to foreclose than offer loan modifications? A new report from the National Consumer Law Center says Mortgage servicers have found it cheaper to foreclose on homeowners than offer loan modifications.  The report points out that servicers in charge of modifying distressed loans are separate from the lenders, who have packaged the loans and sold them… Read More

Toni Braxton Singing Foreclosure Blues

This is surprising to me. When I was in Vegas a couple years back her show was sold out every night! Maybe its just a business decision at this point… Source: vibe.com Toni Braxton has certainly seen better days. The singer was just slapped with a foreclosure notice on her Century City, California home. Braxton… Read More

Finally Bank of America/Countrywide Are Streamlining Their Short Sale Process

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This just in… Bank of America/Countrywide are coordinating with an outside company REOTrans.com to streamline their Short Sale process. After months and months of cries and moans over the B of A short sale…we’re getting news that there has been a grouping of these to entities to assist in the processing of open short sale… Read More

Great News For Wachovia Customers In Fresno Considering a Short Sale!!!

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Great News For Wachovia Customers In Fresno Considering a Short Sale!!! Wachovia is really leading the way win it comes to approving short sales. They have decided that the best way to fight the current economic conditions in the real estate industry is to let homeowner’s short sale instead of foreclosing. This nets them more… Read More

LOAN MODIFICATION ATTORNEYS UNDER INVESTIGATION

Source: CALIFORNIA ASSOCIATION OF REALTORS LOAN MODIFICATION ATTORNEYS UNDER INVESTIGATION The State Bar of California has recently launched numerous investigations against attorneys for misconduct related to loan modifications. In a rare move, the State Bar has released the names of 16 attorneys under investigation, by opting to waive investigation confidentiality in favor of public protection…. Read More

Important Info For Fresno Homeowners Considering a Short Sale – New Housing Crash Will Send Shadow Inventory Above 7 Million

Important information for Fresno homeowners thinking about a short sale.  It’s only going to get worse in the coming years according to the Wall Street Journal.  In a recent Wall Street Journal article , analysts from Amherst Securities projected a come back of over 7 million new foreclosures. Source: Shortsellit.com Which is 5.5 x’s the amount… Read More

Fannie Mae Wants Short Sale Borrowers to Own Again

The first two question I always get when meeting with home owners trying to make the decision to short sale are;  “How will a short sale affect my credit?” …and “When will I be able to buy another home?” When it comes to when they can buy another home, you should know that Fannie Mae wants homeowners… Read More

California Governor Signs Important Short Sale Bill

The California Senate passed SB306 today…Expediting the Short Sale process So the question is “what does this means to home owners and the Short Sale process. If the Realtor is working with an escrow officer who has prepared a HUD1 the Lenders or Service Companies must either deny a Short Sale offer in 4 days… Read More

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