financial crisis: San Diego Short Sale: My Lender Is Charging The Buyer A Fee To Buy My House
- 05/25/11 05:27 AM
Eastlake CA – The Stop Foreclosure Institute recently received a question from Brandon. Brandon is selling his house and something very interesting happened. Brandon’s Question: "My loan is with American Home Mortgage (AHMSI for short.) They are charging a 1% short sale processing fee to the buyer. Is that legal? The buyer is upset. They have stipulated that ONLY the buyer can pay the fee. This was never revealed until the short sale approval letter arrived. Brandon." Get my Free, Step By Step Loan Modification Guide by clicking here. Our comments on this. Yes, the buyer is upset. Buyers think they … (0 comments)
financial crisis: News, news news
- 05/03/11 05:43 AM
Last week's economic headlines started off with some encouraging real estate news: Sales of new single-family houses during March 2011 reached an annual rate of 300,000, which was 11.1 percent over February's revised rate of 270,000, according to the latest figures from the Census Bureau. That said, real estate still has a way to go in comparison to last year. March's rate was 21.9 percent below the March 2010 estimate of 384,000. In terms of price, the median sales price of new houses sold in March 2011 was $213,800 and the average sales price was $246,800. In terms of supply, the … (1 comments)
financial crisis: Economic roundup for you
- 04/30/11 02:04 PM
Real estate news dominated last week's economic headlines with the sales of existing homes for March, including single-family, townhomes, condominiums and co-ops, reaching a rate of 5.1 million units, according to the latest findings from the National Association of REALTORS®. March's performance was 3.7 percent higher than an upwardly revised 4.92 million units for February, but still 6.3 percent below March 2010's 5.44 million pace, NAR reported. "Existing-home sales have risen in six of the past eight months, so we're clearly on a recovery path," said NAR chief economist Lawrence Yun, who said he expects the improving sales pattern to continue. … (0 comments)
financial crisis: San Diego Short Sales: More Ways To Tell That A Debt Collector Is Breaking The Law
- 04/26/11 05:56 AM
Eastlake CA – Debt collectors are very creative in their attempts to convince debtors to pay. Fortunately we have the law protecting us called the Fair Debt Collection Practices Act Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. I don't know what happened before the law was passed. But, after reading thru the law, you can see it was pretty bad. It sounds like debt collectors would call late at night, threaten debtors with violence, use profane language, and do anything else they could think of to harass debtors into paying. Fortunately the law … (0 comments)
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Eastlake CA – The Stop Foreclosure Institute recently received a question from Brandon. Brandon is selling his house and something very interesting happened.
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