Can I Do A Short Sale After A Loan Modification? Loan modifications have been touted as the solution for the housing crisis, but often times they are not. Why? All loan modifications are not created equal. Simply reducing someone’s interest…
Great News for Short Sale Sellers! Mortgage Forgiveness Debt Relief Act Extended! The Mortgage Forgiveness Debt Relief Act has been extended for one more year. This is great news for those who have been on the sidelines about whether to…
How Not to Sell A Short Sale - - The “No Showings” Approach Why is selling a home as a short sale without showing it problematic? A short sale is not like a regular sale. Yes, the owner gets to…
Short Sale With Two Lenders -- US Bank & PHH Mortgage Short Sale Successfully Closed Short sales with more than one lender are more complex. These two lender plus short sales tend to take longer for approval because you must…
Will Short Sales Be Pushed Off the Fiscal Cliff? We can’t seem to hear enough about the fiscal cliff these days. Undoubtedly, the decision to extend the Mortgage Forgiveness Debt Relief Act is bound up in the logjam of the…
Is 6 Months Too Long For Short Sale Approval? I think 6 months is way too long for short sale approval. Short sale approval doesn’t happen in one day and buyers need to understand that -- I get it. Lately,…
CHASE Home Loans & CHASE Home Equity Short Sale Approved in 37 Days! We closed this CHASE short sale in record time - 37 days total for approval. This short sale was handled well by CHASE - it seems they…
BofA Introduces “Negotiation Agreement” for Loan Modifications Recently, I was forwarded a recent loan modification agreement packet sent to a Bank of America borrower. It included a document I hadn’t seen before. It is entitled a “negotiation agreement.” I’m not…
Is the Heyday of the Santa Maria Short Sale Over? Probably not. I think the hey day of the “strategic short sale” is at least taking a breather while the future of the Mortgage Forgiveness Debt Relief Act is still…
Significant Freddie Mac Short Sale Changes This week I sat in on a webinar offered by Freddie Mac. The purpose was to educate short sale agents and would be short sale agents on recent changes Freddie Mac made to the…
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