30 August 2010
Because this has probably affected numerous agents out there right before trying to close a property, Short Sale Daily News wanted to update you on some revised Fannie Mae guidelines. This month, they issued a Selling Guide Announcement (SEL-2010-11) which says lenders are not required to pull a second credit report right before the loan [...]
Posted in As The Market Turns, As The Market Turns, Ask Amy Ransdell, Get The Word Out, Government Approval, Government Approval, Government Opposition, Government Opposition, In The Know, In The Know, Lender Profiles, Lender World, Lenders Gone Bad, Lenders from H-E-L-L, Loan Modification Truth, Marketing, Mortgage & Real Estate News, News to Use, Short Sale Truth0 Comments
25 August 2010
Bank of America, the largest lender using the Equator short sales program, says that 90 percent of its short sales are currently being done using Equator. In the second quarter of 2010, Bank of America completed over 25,000 short sales—an amount that is THREE times what the bank had completed in the 2009 second quarter. [...]
Posted in 'REAL' Estate How-To, Agents Needed ASAP, As The Market Turns, As The Market Turns, Ask Amy Ransdell, Commercial, Get The Word Out, HAFA Leads, How to Monetize Your Leads, In The Know, In The Know, Investor Info, Lead Generation Power Trip, Lender Profiles, Lender World, Lenders Gone Bad, Lenders from H-E-L-L, Loss Mitigation Teams, Marketing, Mortgage & Real Estate News, News to Use, REO Landing, Short Sale Lead Generation, Short Sale Marketing, Short Sale Truth0 Comments
25 August 2010
As many of you know, a homeowner must first try to go through the HAMP program before the HAFA short sale option becomes available. However, did you know nearly two of every three mortgage holders currently in the HAFA program are doing so because they have been unable to stay current after a loan modification? [...]
Posted in 'REAL' Estate How-To, Agents Needed ASAP, As The Market Turns, As The Market Turns, Ask Amy Ransdell, Get The Word Out, HAFA Leads, How to Monetize Your Leads, In The Know, In The Know, Lead Generation Power Trip, Lender Profiles, Lender World, Loss Mitigation Teams, Marketing, Mortgage & Real Estate News, News to Use, Short Sale Lead Generation, Short Sale Marketing, Short Sale Truth0 Comments
24 August 2010
With the standard HAFA program getting introduced a few months ago and now Freddie Mac and Fannie Mae introducing their own versions at the start of August, it can be confusing to keep up with all the changes and updates. Here are some snippets from recent articles posted at ShortSaleDailyNews.com to keep you informed. [...]
Posted in 'REAL' Estate How-To, Agents Needed ASAP, As The Market Turns, As The Market Turns, Ask Amy Ransdell, Ask Bob Lachance, Get The Word Out, Government Approval, Government Approval, Government Opposition, Government Opposition, HAFA Leads, How to Monetize Your Leads, In The Know, In The Know, Investor Info, Lead Generation Power Trip, Lender Profiles, Lender World, Lenders Gone Bad, Lenders from H-E-L-L, Loan Modification Truth, Loss Mitigation Teams, Mortgage & Real Estate News, News to Use, Short Sale Truth0 Comments
23 August 2010
After collecting data from both the National Association of Realtors and the Bureau of Labor Statistics, RealtyTrac recently released its pick of the top five places to find foreclosure bargains: #1 Memphis, TN Average foreclosure home price $72,904 37 % of homes closed in 2010 1st quarter were foreclosures #2 Milwaukee-West Allis-Waukesha, WI area Average [...]
Posted in As The Market Turns, As The Market Turns, Ask Amy Ransdell, Buyers or Criers, Commercial, Get The Word Out, Government Opposition, Government Opposition, In The Know, In The Know, Investor Info, Lender Profiles, Lender World, Lenders Gone Bad, Mortgage & Real Estate News, News to Use, Short Sale Truth0 Comments
20 August 2010
Just as with a traditional sale, it’s extremely important not to inadvertently do something to ding your credit right before a closing. For short sale sellers, this list has a few additional credit no-no’s: 1. Do not stop making mortgage payments. 2. Do not stop paying on your credit cards. 3. Keep paying the water, [...]
Posted in Ask Amy Ransdell, Get The Word Out, In The Know, In The Know, Mortgage & Real Estate News, News to Use, Sellers Gone Wild, Short Sale Truth2 Comments
20 August 2010
For middle class Americans, the new global economy has provided mountains of cheap products made in China, India and dozens of other nations, but it has also killed the goose that laid the golden egg. Millions of American workers have been discovering that the price for all of those inexpensive foreign-made goodies is their jobs. [...]
Posted in As The Market Turns, As The Market Turns, Become A Contributor, Get The Word Out, Government Opposition, Government Opposition, In The Know, Mortgage & Real Estate News, News to Use0 Comments
19 August 2010
If this past Tuesday’s Conference on the Future of Housing Finance is any indication, the government and its many advisors are still in the agree-to-disagree mode. The conference was supposed to be a prepper for developing a comprehensive housing finance reform proposal to send to Congress in January 2011. Here’s a Cliff Notes version of [...]
Posted in As The Market Turns, As The Market Turns, Ask Amy Ransdell, Flippin' Rehabs!, Flippin' Rehabs!, Get The Word Out, Government Opposition, Government Opposition, In The Know, In The Know, Lender Profiles, Lender World, Lenders Gone Bad, Lenders from H-E-L-L, Loan Modification Truth, Mortgage & Real Estate News, News to Use, Short Sale Marketing, Short Sale Truth0 Comments
19 August 2010
Because the Home Affordable Foreclosure Alternatives (HAFA) program is relatively new, there’s a lot of misinformation out there about what the program is and what it can and can’t do. Like any program, it’s not perfect, but if you know its limitations and inner workings, you can make the HAFA program work for you. So [...]
Posted in 'REAL' Estate How-To, Agents Needed ASAP, As The Market Turns, As The Market Turns, Ask Amy Ransdell, Case Studies, Government Approval, Government Opposition, HAFA Leads, How to Monetize Your Leads, In The Know, In The Know, Lead Generation Power Trip, Lender Profiles, Loan Modification Truth, Loss Mitigation Teams, Mortgage & Real Estate News, News to Use, Short Sale Truth0 Comments
18 August 2010
According to RealtyTrac foreclosures in California are now 21% of the nation’s total. Right now in California, one out of every 200 housing units are in some phase of foreclosure. The national average is one in 397. Worse is Nevada at one in every 83 homes. Five states accounted for more than 50% of the [...]
Posted in As The Market Turns, As The Market Turns, Ask Amy Ransdell, Buyers or Criers, Get The Word Out, Government Opposition, In The Know, In The Know, Investor Info, Lender Profiles, Lender World, Lenders Gone Bad, Mortgage & Real Estate News, News to Use1 Comment
Added on 30 August 2010
gpechmann: Good post
Deja vu all over again....residential s...
gpechmann: The lenders will start returning your checks, tena...
Anne on short sale: As far as short sales are concerned any effort to ...
Anonymous: As a realtor handling short sales not wanting to b...
Anonymous: Good luck to FL, CA, NV & AZ - from all the gr...
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