Short Sale Process

An unnamed source at Bank of America has verified the buzz throughout the short sale community. He says it is true. Bank of America is rolling out a new program designed to approve short sales in two weeks. Some agents have tentatively named it Bank of America HPO short sales but my source called...

In an effort to help homeowners who owe more on their homes than they’re currently worth, the government will initiate its “short refinance” program on Tuesday, September 7, 2010. According to an August 6 Mortgagee Letter released by HUD (click here to download the entire letter), the program wil...

Anti-Deficiency Protection Red Alert: C.A.R. has issued a "Red Alert" asking all REALTORS® to urge Governor Schwarzenegger to sign Senate Bill 1178.  This bill extends anti-deficiency protections to homeowners who refinanced their mortgages, but didn't take any cash out, and are now facing forecl...