santa cruz approved short sale: Major news in the Santa CRuz County short sale and housing industry
- 04/04/12 08:01 AM
Major news in the short sale and housing industry! On Friday, March 9, the Obama Administration announced updates to the Home Affordable Foreclosure Alternative (HAFA) program. Created in 2009, HAFA is a government-sponsored initiative assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure through short sales and deed-in-lieus. The HAFA updates will go into effect on June 1, 2012, and will allow more distressed homeowners to seek assistance. Most importantly, the deadline for submitting for HAFA eligibility will be extended a full year, from December 31, 2012, to December 31, 2013. Other major changes from March's … (0 comments)
santa cruz approved short sale: Forecast for future of Short Sales
- 08/17/11 01:20 PM
Short sales will remain strong for the next several years as foreclosure inventories timelines grow even longer, according to the chief operating officer of Equator, a software platform for default servicers. “Short sales will be very prominent over the next 2-3 years as foreclosure inventories increase and remain somewhat stagnant. The elongated foreclosure timelines coupled with improved processes and technology will lead to more short sales closing,” says John Vella, COO of Equator. Equator reports some 775,000 real estate agents handling an average of 250,000 transactions per day access its platform. Last week LPS reported the median foreclosure timeline now is … (0 comments)
santa cruz approved short sale: Bank of America NEWEST Program WIPES OUT Negative Mortgage Equity
- 08/11/11 06:36 AM
Share this story from HuffingtonPost.com with everyone you know…this could be a rule changer for those BofA borrowers who qualify. …Bank of America will soon be off the hook for mortgage abuses in exchange for a whole bunch of money. The money will be used for loan modifications and….mortgage debt forgiveness. Yes, you read that right…BofA will soon be announcing a new program to forgive underwater owners negative equity. WASHINGTON — Federal and state prosecutors are in advanced negotiations with Bank of America in pursuit of a settlement that would forgive the bank for a broad range of past … (0 comments)
santa cruz approved short sale: FTC Changes MARS Ruling for Santa Cruz County Short Sale Agents
- 07/17/11 03:53 AM
Big news for Santa Cruz County real estate agents who assist financially distressed borrowers in obtaining short sales from mortgage servicers or lenders. The Federal Trade Commission (FTC) issued a statement today stating that it will forbear from enforcing most of the provisions of the Mortgage assistance Relief Services (MARS) rule against real estate agents or brokers working with distressed borrowers on short sales. The MARS rule formerly required a series of disclosures, which many complained were misleading and confusing to distressed borrowers working on short sales. Now, however, there is a stay on many of these disclosures. According to a … (0 comments)
When a change in ownership occurs the BUYER will receive a "one time" supplemental bill (or refund). If the change in ownership occurs between January 1 and May 31, two supplemental bills (or refunds) will be generated. While the Supplemental Tax Estimator will provide estimates for all types of properties, the results are most accurate for single family residences and condominiums. Transactions on these types of properties are usually straightforward with the sales price typically reflecting the market value of the property. Change in ownership situations … (0 comments)
Think foreclosure is your only option. . . think again! I negotiated the Short Sale and eliminated their mortgages. I saved their credit from a foreclosure ding and gave them a fresh start. Absolutely FREE http://www.SantaCruzCountyShortSales.comRESULTS SPEAK BETTER than hype Every Short Sale file I have worked on has closed. That is why other agents hire me to do their short sales. I get right to the heart of the situation for my Short Sale clients. I assess their financial hardships, assess how many lenders there are, and … (0 comments)
Major news in the short sale and housing industry! On Friday, March 9, the Obama Administration announced updates to the Home Affordable Foreclosure Alternative (HAFA) program. Created in 2009, HAFA is a government-sponsored initiative assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure through short sales and deed-in-lieus. 
;)
;)
