Real estate blog entries tagged with short sales by George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut

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Home : Blogs : George Souto : George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut : Tag "short sales"

short sales: Short Sale Lunch & Learn - 02/21/12 06:30 PM

Middlesex Chamber Real Estate Council will be holding a Short Sales 101 Lunch & Learn on Wednesday, March 7th. We all know that Short Sales are a huge part of the Real Estate and Lending Industries these day. This is a topic that we all need to be up to date on, and what better way to do that, then here what one of the to Short Sales Attorney's has to say.
At the Lunch & Learn, Attorney Lou Tavano will provide in depth discussion on the Short Sale process and present ways in which to successfully Close Short Sales. … (4 comments)

short sales: Fannie Mae Guidelines for Foreclosures, Short Sales, and Bankruptcies - 09/10/10 07:26 PM

We were warned that as foreclosures increased, that Guideline changes would follow. So the new Fannie Mae Guidelines for Foreclosures, Short Sales, and Bankruptcies should not come as a surprise. Those that have tried to justify Strategic Defaults need to seriously rethink their position, because as these voluntary defaults increase the number of foreclosures, additional Guideline changes will follow. As you will see in the changes below, Fannie Mae is not really making a distinction between foreclosures where the homeowner can no longer make the mortgage payments, and voluntary defaults such as Strategic Defaults (extenuating circumstances are very hard to prove to the satisfaction of Fannie … (27 comments)

short sales: DEED-IN-LIEU FORECLOSURE and Short Sale UPDATES Fannie Mae - 05/15/10 08:39 PM

Fannie Mae has announced a new updated. This time they are revising the waiting period for Deed-in-Lieu of foreclosure and Short Sale on conventional conforming loans effective with applications dated on or after July 1, 2010. Fannie Mae's Automated Underwriting System (DU) will be updated to version 8.1 and implemented during the weekend of June 19, 2010 to include these changes. No changes will be made to bankruptcies or strict foreclosure, so the present guidelines will continue to apply.
Below is a breakdown and time periods for the new changes.

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George Souto is a Loan … (62 comments)

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George Souto

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George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut

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