| |
short sales: Fannie Mae and Freddie Mac HAFA guidelines and Washington Law Firm to negotiate - 06/27/10 05:47 PM
Recently, both Fannie Mae and Freddie Mac (the Government Sponsored Entities or GSE's) announced their HAFA Guidelines, with a mandatory implementation date of August 1, 2010. Fannie Mae guideliens can be found here and Freddie Mac guidelines can be found here. These critical and much awaited announcements propel HAFA toward becoming the #1 Short Sale program in the Nation... and make it a ‘first choice' program for every distressed homeowner who cannot afford to retain ownership of their home due to financial hardship.
Let NW Short Sale Network screen the cleint for the HAFA options as the programs rollout.
While the … (2 comments)
|
short sales: "Strategic Default" and "Walking Away" new buzz words as seen on 60 Minutes- Game on Bank Of America - 05/10/10 03:41 PM
We have been working on an approach to assist the local market in Washington State around "Strategic Default" and after watching 60 minutes last night we will definitiely be putting a seminar together for this by the end of the month at the Law Office Of Robert C. Russell P.C. and NW Loan Modification Center.
Here is a link to our facebook page where I posted the section of the 60 minutes on walking away from the mortgage and Strategic Default... in case you missed the episode last night. http://www.facebook.com/defaultsolutions make usre to become a fan when you visit.
Banks … (1 comments)
|
short sales: Just registered for Virtual Real Estate BarCamp on April 6th, 2010. Hope to see you there! http://bit.ly/laxNP #vrebc - 04/02/10 04:28 PM
<p><strong>Educating Real Estate Agents On How To Use Modern Technologies To Better Their Business Will Never Be The Same!</strong></p><p>On April 6th, 2010 dozens of the most respected educators in the real estate industry converge to host most exciting event of its kind, the Virtual Real Estate BarCamp.</p><p>Virtual Real Estate BarCamp is a 1-Day Learning Extravaganza.<br />From 9am until 4pm PST, three concurrent webinar "rooms" will each host 7 different sessions, for a total of 28 different presentations.<br />There is something for everyone and everything for someone, and best of all, <strong>IT IS FREE and attendance is unlimited!</strong></p><p>Click below to:<br /><a href="http://virtualbarcamp.com/register/">Register.</a><br … (1 comments)
|
short sales: RMLS Trade Fair- April 1st Will be sharing the benefits of HAFA - 03/25/10 09:19 PM
Finally here- a possible solution to short sales! Come join us on April 1st for the RMLS trade Fair at the Oregon Convention Center for an in depth overview of HAFA and how you can market for it today. For more information check out http:/facebook.com/defaultsolutuions
… (0 comments)
|
short sales: Loan Modification- ONLY USE AN ATTORNEY - 03/05/10 03:13 PM
Real estate markets are slowing. Interest rates are trickling down and the phones are ringing off the hook at NW Loan Modification Center . Home owners are in a panic and fear not selling their home and the inability to refinance adjustable rate mortgages will cause default or foreclosure. Their only hope may be to modify their existing mortgage with a Mortgage Loan Modification. Unfortunately, mortgage servicing companies and lenders are overwhelmed with foreclosures and loss of consumer confidence.
The number of people asking for appointments to talk about Loan Modification Advice, Loan Modification Programs and potential legal recourse with … (0 comments)
|
short sales: Are we in a bank Crisis? Clark County Mortgage update - 05/07/09 03:21 PM
The Labor Department gave us both of this morning's releases. The more important of the two was the 1st Quarter Productivity and Costs data that revealed a larger than expected 0.8% increase in worker output. The bad news came from the Unit Labor Costs reading that showed a 3.3% increase. That was higher than the 2.7% that was forecasted, meaning employer costs were higher than thought. Higher costs can translate to wage inflation concerns, therefore, this portion of the report is a negative for bonds.The second bit of news was last week's unemployment figures. It showed that 601,000 new claims for … (0 comments)
|
short sales: Homepath in Washington State keeps moving along! - 03/30/09 11:41 PM
Great weekend with all the activity about the listings that Sundin Realty has for the Fannie Mae foreclosed homes. With 6% seller concessions, no appraisal, No MI what's not to love! This will slowly make the difference in some neighborhoods.
I just rescued another deal where this incredible house was listed for $339,000 and the offer was for $341,000 with seller paying $6,000 in closing costs and Wells Fargo declined it due to low value or the new policy of using an AVM and the value was 10% out of perimeter so they don't like it. Come May it is … (2 comments)
|
short sales: Can Realtors do a Loan Modification in Washington State? - 03/15/09 09:06 PM
Washington State now has a Draft for requirements to do a loan modification... I have cut & Pasted it below.
This again re-iterates the caution that is needed for those that are offering loan modifications. I have heard of a handful of Realtors offering loan modifications and are hired from an attorney as "subject matter experts" where they split the $4500 fee. The Attorney firm says that it's all OK and they are taken care of on the compliance side.... Chatting with a few attorney friends over the weekend on this topic they they laughed and asked "the Realtors DO have … (2 comments)
|
short sales: Loan Modification Question - 11/12/08 08:16 PM
Hello Everyone,
I have spent the last year working on assisting my Realtors close deals pertaining to short sales and learning and collecting as much information about that topic from every source known by man in this arena. The results have been that many people did a short sale and a loan modification could have been the answer instead.
As a result of these findings I have just completed a very thorough compilation of interviews, facts, findings, secrets, ingredients, loopholes, and strategies to educate a home owner on their options.
This is a "turn key" loan mod kit that is more … (1 comments)
|
short sales: Stimulus Package: Who benefits on the mortgage side - 02/14/08 02:15 PM
Stimulus Package: Lawmakers Raise Lending Limits: Do you qualify for a better rate? The Economic Stimulus Act of 2008 is a $168 billion plan intended to jumpstart the sliding U.S. economy. While a lot of media attention has been focused on the $600-$1,200 rebate checks that millions of taxpayers will begin receiving this spring, the new bill is also designed to help certain "high-cost regions" of the struggling housing market by:
Temporarily increasing the "conforming loan limit" from $417,000 to as high as $729,750 in specified areas; and Temporarily increasing the size of loans the Federal Housing Administration (FHA) can insure … (2 comments)
|
|
|
|
|
|
Bill Black CMP CDPE MLO #49242
Vancouver,
WA
More about me…
Directors Mortgage
Address: 2101 NE 129th Street #219, Vancouver, Wa, 98660
Office Phone: (360) 326-8891
Cell Phone: (360) 910-3290
Email Me
 Links
Archives
|
;)
;)
