Short Sale Blog Short Sale and Foreclosure Information

Bank of America is sending out letters to many clients offering a possible relocation assistance of anywhere from $2,500 to $30,000.  We currently have a few clients that have qualified for the program.  Below is the email that was sent out by Bank of America today talking about the program.  The pr...

CoreLogic released its March Home Price Index (HPI) report which shows that from March 2011 to March 2012, there has been a decrease of 0.6% in home prices throughout the nation. When showing the monthly percentage rates that included distressed sales, from February 2012 to March 2012 there was 0.6%...

Right now may be the best time to buy a home. Several housing experts believe that this year may be the last year to take advantage of the weak housing market. With home prices decreased by about 34% and mortgage rates at historic lows, homes have never been more affordable. Stuart Hoffman, chief ec...

Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their payments on time and received a...

Another testimonial from a satisfied client. We assisted Tanya in the short sale of her condo.  She had a first mortgage with Chase and a second mortgage with Citi. We were able to succesfully negotiate the short sale and were able to get her a check for $23,000 at the close of escrow!   Make ...

Today CoreLogic released its National Foreclosure Report for March 2012. This report provides the monthly data on completed foreclosures, the 90+ day delinquency rates and the current foreclosure inventory. In March 2012 there were 69,000 completed foreclosures compared to the 85,000 in March of 201...

Beginning June 15th, Fannie Mae and Freddie Mac, the nation’s two largest mortgage backers, will implement their new short sale guidelines. With the new guidelines, mortgage servicers will be required to make a decision within 30 days of receiving a short sale offer.  They must also follow the...

If you are in the process of interviewing real estate agents for the sale of your current residence, or for an upcoming purchase, we can’t stress how important it is for you to Google their name and read the reviews that have been posted about them.  If the agent you are interviewing is doing busine...