Clik here to view.
MARS Not Enforced for Real Estate Agents
The FTC announced on July 15 that it will no longer enforce most aspects of the MARS rule for licensed real estate professionals who are trying to help homeowners with Short Sales. The FTC indicated...
View ArticleClik here to view.
Buying Short Sales – Lenders Beginning to Encourage Short Sales
Great news for investors buying short sales and a sign that short sales are becoming more and more attractive to major lenders has recently come out in the form of incentive programs for Homeowners...
View ArticleClik here to view.
Having a HELOC Means Home is Underwater?
It’s more than likely that any home with a home equity or HELOC loan will currently have more out against the property than the property is worth. According to a CoreLogic report, 40% (4.5 million)...
View ArticleClik here to view.
Glut of Foreclosures Focus of Senate Banking Subcommittee Hearing
Last week expert panelists gave a Senate banking subcommittee ideas on how to speed the elimination of the overhang in bank owned housing. Participants included representatives from the National...
View ArticleClik here to view.
Short Sale Investing – Pre-NODs on the Rise
Excellent news for people who specialize in short sale investing. The second quarter Office of the Comptroller of the Currency Mortgage Metrics Report covers mortgage performance on loans reported by...
View ArticleClik here to view.
Huge Opportunity in Short Sale Investing as Foreclosures Skyrocket
Short sale investing is a huge opportunity! The banks have loosened up and foreclosures are skyrocketing. If you’re buying investment properties, you need to watch this video! Check out this video and...
View ArticleClik here to view.
Short Sale Investing – Secrets of Finding Great Deals
Most Investors get started in Short Sale investing by culling through foreclosure listings and contacting the owners with letters, postcards and phone calls. Probably 50% come back with no forwarding...
View ArticleClik here to view.
Short Sale Real Estate Investing – Legislators Urge Greater Transparency
Short sale real estate investing news – A California congresswoman, Susan Davis, has introduced a bill, The Short Sale Transparency Act, which would require loans funded through Fannie Mae or Freddie...
View ArticleClik here to view.
Which Servicers Are Best for Short Sales?
According to a report by Moody’s four servicers, CitiMortgage, GMAC, Wells Fargo and Ocwen, outperform major competitors in loss mitigation with distressed homeowners. In particular they beat out...
View ArticleClik here to view.
How is BOA Short Sale Incentive Test Going in Florida?
One would think that desperate homeowners would be jumping for joy in Florida with the opportunity of making up to $20,000 as an incentive for selling an under water house through a Short Sale or...
View ArticleClik here to view.
Bank of America Streamlines Short Sale Process
As of April 14 BOA’s Equator system will allow system users to work documentation, valuation and underwriting simultaneously in a Short Sale. BOA has also standardized many of its forms to save time...
View ArticleClik here to view.
Will 2012 be the Year of the Short Sale?
The statistics are beginning to indicate that 2012 will be a bumper crop year for Short Sales. RealtyTrac reports that in January pre-foreclosure sales increased by 33% compared to a year ago. Even...
View ArticleClik here to view.
Which Lenders/Servicers Process Short Sales the Fastest?
RealtyTrac reports that Fannie Mae, Freddie Mac and FHA loans lead the pack for the fastest Short Sale approval timeline. As of January 2012 the timeline for getting Short Sales accomplished was 193...
View ArticleClik here to view.
Foreclosure Filings at a 5 Year Low
RealtyTrac’s April foreclosure report announced that foreclosure filings were at their lowest point since 2007. The sharp decline of 5% from the March report is due primarily to very low foreclosure...
View ArticleClik here to view.
Metro Trends Show Delinquencies up in Several Top Cities
The Q4 2011 “Metropolitan Delinquency and Foreclosure Data” from Foreclosure-Response.org shows and uptick in 90 day or more delinquent properties in many of the nation’s largest cities. The report...
View ArticleClik here to view.
Why Buffett and Trump Are Both Bullish on Real Estate Investment
Billionaires Warren Buffett and Donald Trump have both gone on the record with media interviews recently saying that now is the time to jump into real estate investment. Both men specifically...
View ArticleClik here to view.
Short Sale Activity at 3 Year High
RealtyTrac reports that sales of homes in pre-foreclosure reached a 3-year high in the first quarter of the year. A total of 109,521 pre-foreclosure sales closed during the first three months of the...
View ArticleClik here to view.
New Short Sale Rules Go Into Effect Nov. 1
The Federal Housing Finance Agency recently announced that uniform guidelines will go into effect on November 1 for short sales on all mortgages backed by Fannie Mae and Freddie Mac. The guidelines...
View ArticleClik here to view.
Fewer July Pre-Foreclosure and Foreclosure Sales; Higher Prices
The CoreLogic National Foreclosure Report for July reveals there were about 58,000 completed foreclosures in July, down from 62,000 in June and 69,000 in July 2011. The national foreclosure inventory...
View ArticleClik here to view.
Will Short Sales and Modifications Become a Thing of the Past?
With the country hanging off a fiscal cliff the housing programs started in the Bush and Obama eras will be among the victims if Congress fails to act on an extension of the recession-fighting...
View Article
