short sales: Short Sales for 2nd homes - 07/28/08 04:07 AM
I would appreciate if you could share your experience with short sales for 2nd homes, especially experience with short sale for 2nd homes in Las Vegas:
Do you know how are lenders treating
- Las Vegas
- second homes?
- Second homes in Las Vegas
I had an inquiry from a … (1 comments)
short sales: Need to complain about Indymac no more - 07/12/08 11:12 AM
A lot of us are actively involved processing shor sales with Indymac. There was a lot of frustration out there with the way Indymac was procesing files (Indymac is a pain). The need to complain is no more. Indymac was taken over by the Government.
Now we have to anxiously wait … (8 comments)
short sales: Why loss mitigation and short sales are not happening? - 06/16/08 10:26 PM
Many of us realized that lenders and mortgage servicers are giving short sales a “cold shoulder”. It simply doesn’t make sense that lenders and mortgage servicers don’t seem to care for success of short sales, as they don’t seem to have incentives (!) to do so. A good friend … (5 comments)
short sales: Senate panel passes housing rescue plan - 05/21/08 01:47 AM
One of the key problem faced by home owners facing foreclosures is inability to refinance. The House has just approved the rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers. The plan would let the Federal Housing Administration take on up to $300 billion in new mortgages. … (6 comments)
short sales: Has FICO score penalty for short sale increased? - 03/13/08 03:18 AM
In my post Credit consequences of the Short Sale we came to a joint conclusion that the FICO score penalty for short sale is 150 points and for foreclosure 300 points. I have just received an email from myFICO stating that there is no difference in the penalty for short sale … (13 comments)
short sales: Short Sales: Are lenders becoming more responsive? - 03/13/08 02:55 AM
At the end of August I posted a question regarding Credit consequences of the Short Sale and received many wonderful replies. Since then I closed several short sales myself. Every time it was a frustrating experience. Based on this experience I came up with a mini-process for short sale and I … (7 comments)
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I would appreciate if you could share your experience with short sales for 2nd homes, especially experience with short sale for 2nd homes in Las Vegas:
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