Tweet Is a Short Sale RIGHT for the Borrower? This is a question often asked by both people facing foreclosure. Why would someone sell his or her house utilizing a Short Sale method? To put it simply, to avoid a foreclosure on the homeowner’s record and to decrease the length of time a lender will [...]
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Posted in Education
Tagged credit score, deficiency judgement, Education, FICO, hints, information. lenders, law, negotiation, news, short sale, short sales, tips
Tagged credit score, deficiency judgement, Education, FICO, hints, information. lenders, law, negotiation, news, short sale, short sales, tips
Tweet Short sales aren’t brain surgery, but the terms can get confusing – lender terms, contract stipulations, can all be confusing. Here’s a quick run-down as found on a few different short sale sites that break down some of the most common language! Short Sale Terms Advertising- (or Publishing) A copy of the Notice of [...]
Tweet Ever wondered about what the steps are in a typical foreclosure process? Here’s the quick rundown! Step 1. Delinquency – Pre Notice of Default (NOD) Normally, a borrower will need to be at least three months late on their mortgage payments for the foreclosure process to kickoff. After three months plus, a lender will [...]
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Posted in Education
Tagged foreclosure, mortgage, notice of default, short sale, short sales
Tagged foreclosure, mortgage, notice of default, short sale, short sales
Tweet Here are some quick links from the National Association of Realtors to their documents on HAFA, including their own FAQ. Brochure – About HAFA: About HAFA Color Brochure Government Guidelines Government Forms and Guidelines NAR HAFA Program FAQ NAR HAFA Program FAQ
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Posted in Education, Links
Tagged Brochure, government, guidelines, HAFA, NAR, short sale, short sales
Tagged Brochure, government, guidelines, HAFA, NAR, short sale, short sales
Tweet Today’s article comes to us courtesy of DSNews.com According to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, short sales accounted for a substantial 15.9 percent of home purchase transactions in January. This was well above the share of other distressed property activity – with damaged REO accounting for 13.4 [...]
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Posted in Market News
Tagged loan modification, mortage, pre foreclosure, reo, short sale, short sales
Tagged loan modification, mortage, pre foreclosure, reo, short sale, short sales
