Building Credibility
Business reputations are earned over time and are the direct result of the quality of service you provide and the feedback your clients, customers, competitors, friends and family members give to...
View ArticleNew Short Sale Guidelines for Fannie and Freddie!
If you facilitate or negotiate short sales, it is important to know that on August 21, 2012, the Federal Housing Finance Agency (FHFA) announced new short sale guidelines for the servicers of Fannie...
View ArticleInvestor/Realtor Relationship
It’s no secret the relationship between Realtors and investors isn’t always amicable. I hear realtors say, ‘We don’t respect investors because of their low-ball offers and disregard for the sellers.’...
View ArticleInterviewing Short Sale Sellers
Short sales are not going away any time soon, but they are not getting any easier either. The new short sale guidelines are intended to streamline and shorten the process, but the changes require more...
View ArticleTips for Keeping Short Sale Buyers
It is very frustrating to work on a short sale deal for three or four months and then you get the news the buyer terminated the contract. That is a lot of time and work wasted, and depending on your...
View ArticleNew HAFA Short Sale Update
On Jun 1, 2012, new HAFA updates became effective. These updates affect homeowners who are requesting short sales from non-government sponsored enterprises (GSE) and who are eligible for the HAFA...
View ArticleNew Assistance for Military Homeowners
On June 21st, the Federal Housing Finance Agency (FHFA) announced that military homeowners with a Fannie Mae or Freddie Mac loan who receive Permanent Change of Station (PCS) orders would be eligible...
View ArticleBank of America – More Short Sale Delays on the Way
If you are a listing agent who lists short sale properties or a buyer’s agent with buyers trying to buy short sale properties, be prepared for some additional delays and frustrations if the selling...
View ArticleSelecting a Buyer’s Agent and a Lender
Are you a buyer in the market to purchase a short sale? If so, whether you just want to find a good deal on a home or short sales make up the majority of the affordable inventory in your market, we...
View ArticleBank of America and FHA Short Sales
If you are a listing agent or negotiator that works with short sales on a regular basis, you have no doubt run into some recent roadblocks trying to deal with Bank of America. Especially when you need...
View ArticleFannie and Freddie Changes that Impact Investors!
Fannie Mae and Freddie Mac announced a couple of significant changes to their servicing requirements for short sales on January 18, 2013 and these changes apply to all Fannie Mae and Freddie Mac short...
View ArticleMortgage Forgiveness Debt Relief Act Extended to January 1, 2014!
As we inched closer to the end of 2012, many taxpayers anxiously awaited the decision from Congress on the American Taxpayer Relief Act of 2012, recently referred to as the ‘Fiscal Cliff’ bill. An...
View ArticleTips for Selling your Home
Are you in the market to sell your home but not sure how to best compete in today’s market? Whether you want to sell to upsize or downsize or you are a distressed homeowner trying to avoid...
View ArticleWhat’s New with Bank of America?
Important Notice: Short Sale and Foreclosure Date Notice: While Fannie Mae and Freddie Mac’s HAFA short sale program may have ended December 31, 2012, Bank of America’s Cooperative Short Sale Program...
View ArticleFHA Mortgage Changes
The financial issues with the Federal Housing Authority (FHA) have been making headlines over the past month or two. Last month, the FHA also announced it would increase insurance premiums and on...
View ArticleShort Sale Tips for B of A Short Sales!
If you are a Listing Agent who lists many short sales, there is a good chance you have obtained offers from investors. If you are a real estate investor who purchases distressed properties to...
View ArticleFHA Price Increase and Program Changes Confirmed
As we mentioned in our article ‘FHA Mortgage Changes’ last week, FHA has now confirmed their price increases and program changes that become effective April 1, 2013. In order for FHA to make up their...
View ArticleFaster Short Sales? Freddie says, ‘Yes!’
On November 1st, Freddie Mac launched a standard short sale program streamlining the process so it is easier and faster. They estimate the time to complete a short sale will be decreased by 50 to 75...
View ArticleChoosing the Right Real Estate Agent
Are you in the market to either buy or sell a home? Buying a home is a very rewarding experience, but is also complex and stressful. Selling a home is challenging and sometimes frustrating and...
View ArticleWells Fargo Initiates New Low Doc Process!
Wells Fargo has been initiating and processing all of their short sale requests through the internet based software, The Equator System, for quite some time. The process previously included several...
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