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  1. Fannie Mae and other major players are (finally) getting actively involved. Right now, real estate agents are being sent specifically to Fannie Mae borrowers to list their homes for short sales. Fannie Mae indicated its seriousness toward homeowner outreach with its Servicer Total Achievemen...
No doubt you’ve heard the news recently that a number of major banks have volunteered to temporarily suspend foreclosures in 23 states and Bank of America is temporarily suspending foreclosures nationwide. What does this mean for the short sale market? Will this delay help short sales or contribu...
Hi All, As you know, I have been tracking the rumors about Wells Fargo's new policy of not extending short sale approvals and no t postponing foreclosure any more. I sent an email to a default executive at Wells Fargo in response to this article by (link:
Today I had the privilege of attending a local Wells Fargo short sale seminar in my area (Rancho Cucamonga, CA). The presenter was Abel Fregoso, who is the Regional Vice President of REO and Short Sales for Wells Fargo. He has 25+ years in the mortgage industry and is a pleasure to listen to. I w...
Can it be? Bank of America has a new approval letter? Actually, it is only a change in verbiage. But, this change is monumental and noteworthy. In the past, BofA reserved their right to pursue the borrower/s for the deficiency when applicable. That language scared off many homeowners and real est...
Let the games begin! The HAFA rejection monster has reared his ugly head. In this email thread, one of our PSC's has shared an email thread where a second mortgage serviced by BofA with MI has rejected the HAFA short sale requirements and sited that they are not participating in general with HAFA...
LPS readies launch of short sale broker/agent network * by Kerry Curry * 2:45 PM August 26, 2010 A Lender Processing Services (LPS) division will go live with its new short sale broker/agent network within 60 to 90 days...
Are You Looking to Position Your Real Estate Business for Success in the NEW Default Industry? PartnerFirst's Agent Management Services is looking for Realtors that are savey with technology, REO's and short sales. Realtors needed in Florida, Virginia, North Carolina, South Carolina, Georgia, Nev...
As we all should know by now, Fannie and Freddie (GSE) HAFA guidelines were released on June 1st, 2010 and the program launched on August 1st. I haven't personally done a GSE HAFA short sale yet but I have made myself very familiar with the 22 pages of guidelines. There are many distinguishing qu...

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