A Short Sale Symposium

I have some alarming news to report.  I cannot reveal my source, however they are VERY reputable.  Wachovia (formerly Golden West and World Savings) has been the sweetheart of the short sale space in the past 15-18 months.  Diana Stauffer of Wachovia created the "Fast Track" short sale program in...

Well, it was one of those weeks.  SB 1178 was passed, giving California homeowners deficiency protection on refinanced loans on their original purchase money mortgages.  Also, Fannie Mae and Freddie Mac FINALLY released their version of HAFA, which we've been anxiously awaiting since the beginnin...

Hi fellow Activerainers.  Some big things are stirring in Washington... Recently, Barney Frank, the House Financial Services Committee Chairman, wrote a stern letter to the top 4 servicers' CEO's demanding that they strongly consider writing down the principle loan amounts on the defaulting 2nds ...

Two weeks ago CBS ran a 1 hour special about California foreclosures and short sales and they talked about the fact that our state tax code does not conform to HR 3648 and that Californians who do short sales will very likely have to pay state income tax on the income / losses the lender suffers....

By now you have probably either heard about it in the news or you have received a letter via FedEx about this new program Wachovia is doing if you are a customer.  I will detail the process here for those that are still a little fuzzy about it.  Actually when I learned about the benefits early in...

The woman mentioned in this article...Kayte Gentry is a colleague of mine and for the record..she is a wonderful, brilliant, professional person with integrity.  Watch out big banks, the truth is coming out. BTW, Thanks Jason Crawford for blogging about this very important issue!  Cheers...CNBC's...

With the recent news of the HAFA program still lingering, many agents are starting to be more optimistic about the future of short sales.  On the other hand, many expert insiders are skeptical of the true impact the guidelines laid out in Supplemental Directive 09-09 will actually have on the pro...

Hi Activerainers, we have been long awaiting this press release.  Hopefully it can only get better from here!!!!!! SOURCE: Reuters ORIGINAL LINK: http://www.reuters.com/article/bondsNews/idUSN3046464720091130 By Al Yoon NEW YORK, Nov 30 (Reuters) - The U.S. Treasury on Monday set long-awaited gui...

A few weeks ago, I was conducting an interview with Doug Minor, the credit expert.  In conversation the subject of establishing new credit after a short sale came up.  I starting to think...is it possible that agreeing to promissory note that is unsecurred after a successfully closed short sale c...

In the past (late 1990's), door knocking on properties in default was a staple for any blue collar realtor working the pre-foreclosure sector.  We had a whole army assembled and equipt with data, scripts, knowledge of available options, compassion, and savvy.  You never know when you're going to...