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

BofA-short_sale

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!!!

WachoviaBOXLOGO

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

CA’s Foreclosure Moratorium Has Ended — Now What?

Source: LBPost.com California’s moratorium on foreclosures ends today. The thought strikes fear in those in real estate, perhaps more so for the mystery it holds than for the threat of a flood of foreclosures swamping the market. “It’s hard to predict,” said Allison Van Wig, a Keller Williams Realty agent who moderated a panel Monday… Read More

Government Backed Short Sales Coming…Stream-Lined Short Sales!

As predicted well over a year ago…short sales would be the de-facto solution for mortgage servicers. It only makes sense. After all, in many cases people simply don’t want their homes because of their negative equity situation. Next step? I expect to see the government ‘encourage’ the servicers/ banks to outsource their short sales to… Read More

Can’t Afford Your House Payments?…Short Sale Your Fresno Home

It’s hard to believe that over 2 years have passed by since the Fresno, CA real estate market started to self destruct…The word Short Sale was not something that was heard often. Even President Obama is talking about them!  Banks are overwhelmed with them and Fresno homeowners are starting to really understand the difference of… Read More

Ok, I Get It…A Short Sale May Be My Best Option…Tell Me More…

Excerpt: Should I Short Sale My Home – Chapter 3 By Jeremy Smiley, Realtor – London Properties A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $500,000. The market… Read More

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