Short Sale Agent
California 
The answer is yes and no, and let me explain: Different banks have different contracts with Fannie Mae and Freddie Mac. That’s why Bank of America can’t do some loans that Wells Fargo can. The 90 Day Rule Here’s a general rule. When someone buys a home for a certain price, and tries to immediately [...]
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No New 21-Day Turnaround Requirement For Short Sale Approvals
In this crazy market I guess we jumped the gun for my previous post about SB 306. Recently enacted Senate Bill 306 doesn’t require lenders to review short sale requests from sellers and their agents within 21 days. The new California law, which addresses certain escrow procedures, has been mischaracterized by some practitioners as landmark [...]
Is This Correct 50% of Modified Loans in Default??
The Obama administration’s plan to tackle the foreclosure crisis was a very slow start, but as of last month, about 360,000 borrowers, or 12 percent of those eligible, have signed up for three-month trial modifications. However, the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision (where did all these [...]
New California Short Sale Law Just Passed!!! California SB 306
Oh Happy Days!!! Will you start learning about short sales now? This is the section of the recently passed California SB 306 law. This new law creates opportuinty to the way short sales will now be done in California… Here is the shortest version we decided would be best for our readers: we read this over and over, and this [...]
Is Freddie Mac door knocking on delinquents??
Freddie Mac has contracted Titanium Solutions, a third-party servicer, to go to the homes of delinquent borrowers to get the missing information and documentation necessary to start a three-month long trial repayments under the Home Affordable Modification Program (HAMP). “By meeting with our borrowers, one on one, Titanium Solutions can help them overcome the roadblocks [...]
Why Do I Need the Short Sale Addendum??
Lakewood, CA Our office is working with a lot of 1st time home-buyers, and it doesn’t matter how much we explain the process, and what to expect I keep getting the same question when we put the offer in on that Lakewood Short Sale. Why do I need the short sale addendum? I believe this [...]
Loan Modifications Program Yet To Take Off
Lakewood, California If you don’t qualify for a loan modification, is a short sale your best option? There is a lot of conflict with lenders loss mitigation teams battling other departments within the banks structure. Even today the different departments struggle with short sales or wonder if they should foreclose. A Lakewood short sale will save [...]
Slow Approval Process for Short Sales Hampers Housing Rebound
Lakewood, California Experts believe that the current level of housing inventory has to come down for the industry to get into a phase of sustained recovery. Lakewood Short sale transactions offer a win-win-win situation to buyers, sellers, and lenders, and help clear the housing inventory available for sale. While short sales have risen in the [...]
Countrywide’s Mozilo Charged With Securities Fraud
Countrywide’s Mozilo Charged With Securities Fraud
Are Lenders More Receptive To Short Sales
Are Lenders More Receptive To Short Sales
New Federal Law Affecting Distressed Properties
New Federal Law Affecting Distressed Properties
Can You Buy a Lakewood Short Sale With No Money Down??
Can You Buy a Lakewood Short Sale With No Money Down??
Are Lakewood Foreclosures Worth Buying???
Are Lakewood Foreclosures Worth Buying???
Can I Teach You the Importance of DTI Ratios??
Can I Teach You the Importance of DTI Ratios??
Are You Ready To Buy Your First Home??
Are You Ready To Buy Your First Home??
Fannie Mae Making Home Affordable Updates
Fannie Mae Making Home Affordable Updates
Get $8,000 Towards Your New Home Purchase
Get $8,000 Towards Your New Home Purchase
House hunting? It’s Not a Buyer’s Market In All Cities
Lakewood, California By Bernie Germani This is what I see going on, some potential home buyers, especially first-time buyers, may be misinformed about today’s market, believing that ALL sellers are desperate and will accept any offer. However, in many desirable, middle-class neighborhoods, bidding wars are prominent and buyers often have to make offers slightly above the [...]
Tougher Mortgage Rules May Leave Condo Sellers In a Bind
Lakewood, California By Bernie Germani The condominium segment of the market accounts for a large number of foreclosures because of its popularity among investors and first-time home buyers. Due to the rising number of foreclosures in these communities, many lenders are looking more closely at the makeup of the entire condo complex prior to extending [...]
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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