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If you are considering a short sale instead of walking away, this may be the most important news you read today. As of today, at the end of 2011, short sales comprise 30% of the residential real estate market. The average number of days on the market is less than 30. Traditional home sales ave...
http://nationalmortgageprofessional.com/news27733/three-reasons-why-short-sale-real-estate-agents-should-be-your-best-friend Three Reasons Why Short Sale Real Estate Agents Should be Your Best Friend Fri, 2011-12-23 15:53 — Erik Wind We've all been there. We helped our borrower through the mort...
Legislation has been introduced that would require lenders and servicers to hasten the time it takes to approve or disapprove a short title or short sale to 45 days. HR 6133, the Prompt Decision for Qualification of Short Sale Act of 2010, co-sponsored by U.S. Reps. Robert Andrews (D-NJ) and Tom ...
Brenda Rogers, Realtor and Senior Sales Associate with Coldwell Banker Apex, Realtors has received the designation of "Certified Distressed Property Expert" (CDPE) to help families avoid foreclosure. The training is a rigorous 21+ hour course designed to help Realtors counsel homeowners, and hel...
Here a list of the mortgage companies that are a part of the HAMP (Loan Modification) program. Those companies that are signed up for the HAMP program must offer the HAFA (Short Sale) program to homeowners and if the Short Sale does not work, they have the option of the DIL (Deed in Lieu) of For...
Only 65,000 people - about 7 percent of those who applied - have successfully navigated President Obama's plan to help borrowers who are in trouble, the Treasury Department said last week.About 49,000, or 5 percent, have dropped out of the program because they don't qualify. Most of the remainder...