The subject of “Relocation Assistance,” (more commonly referred to as “cash for keys”) has been something I’ve wanted to write about for some time, but felt that the law and the various lender and government guidelines in place on this issue were not properly defined or implemented yet. With the
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05/16/2010
Short sales have become the next best step for families who either don't want to modify their mortgages, or who have had an offer of modification that is not financially viable. In fact, many of our clients are reporting that when they contact their loan servicers for the first time to report a h
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02/09/2010
I've not been one to wax political in public (though I am a rabid idealogue in private) as politics doesn't always relate to the business of real estate. And in a sense, my comments here will not be so much politcal as they are societal, and a connection absolutely can be made in this case to re
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02/01/2010
Homeowners searching for help with a short sale might be unnerved to find that almost all of the real estate agents advertising in their city are promoting themselves as "Short Sale Specialists" or "Short Sale Experts," or some other exemplifying adjectives. With so many experts out there, how ca
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01/08/2010
According to the latest report by the Dept of Treasury, loan modifications are failing at an alarming rate. Consider: of the 728,000+ attempted loan modifications done so far through the government's HAMP program, only slightly over 31,000 have been successful. Stated differently, if you attempt
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01/06/2010
Imagine for a moment that your wallet, purse, or handbag was stolen from your car. All of your personal and credit information was included in the "transfer" of ownership: your multiple IDs, social security card, home address, credit cards, spare house and car keys; everything. Now, you have
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12/01/2009
TRANSCRIPT: PART II: Pre-foreclosure Options (SS Overview) Today we'll continue with our series on pre-foreclosure help for Arizona families. Last time, we talked about loan modifications and the problem with negative equity. Let's review that for just a moment: Remember, if you want to stay in
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11/19/2009
PART II: Pre-foreclosure Options (Modification) Hello again, and thank you for joining us today at the Butler Blog. As always, I am your host, Allen Butler, Managing Director of The Realty Butler LLC and agent of West USA Premier Properties. Before we get started, let me remind our audience agai
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11/09/2009
Transcript: Hello and thank you for joining us today at the Butler Blog. As always, I am your host, Allen Butler, Managing Director of The Realty Butler LLC and agent of West USA Premier Properties. Today I want to examine some of the issues and strategies involving loan delinquency, mortgage
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11/05/2009
*In this first part in the series, we'll cover what a loan modification is, and who is eligible. Please keep in mind that if you have lost your job, or have extremely limited income, you probably will not qualify for a loan modification. You must have income in order to pay any loan, even a modif
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10/18/2009