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short sale real estate: Dealing with Changes in the Short Sale System - 09/02/10 03:21 PM
When you hear about politicians making changes to the short sale process, even if they claim to be expediting it or making it better for your sellers or your buyers, you may want to throw your hands up in the air. After all, each time that they change something, you have to pull back, regroup and explain the process to everyone involved in it all over again. It can make things almost as time-consuming as short sales used to be in the "old days" in some cases.
Unfortunately, the government is not looking particularly likely to pull out of real estate … (1 comments)
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short sale real estate: What the New FHA and Fannie Mae Re-Fi Options Mean for You - 08/17/10 12:26 PM
What the New FHA and Fannie Mae Re-Fi Options Mean for You
As the housing market continues to hover somewhat unsteadily in a stabilization pattern, more and more federal programs are being introduced to try to keep underwater homeowners in their homes. Moral issues aside, lenders simply cannot afford the apathy, negativity and resentment that many homeowners feel at the prospect of owing more on a property than they can get for it on the open market. As a result, there are massive refinancing opportunities out there for people who will just agree to continue to pay the bills they signed … (0 comments)
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short sale real estate: HAFA to “Streamline” the Short Sale Process – Until 2012, That Is - 03/16/10 02:25 PM
While in general, when the government starts regulating real estate it tends to indicate coming trouble for real estate investors (just think "seasoning" and experience a cold chill), in the case of the federal government's Home Affordable Foreclosure Alternatives (HAFA) the jury is still out. The regulations are designed to streamline short sale rules and provide incentives and encouragement for borrowers and lenders to work together, hopefully making the entire process less tedious for the homeowners and, theoretically, for the third parties like investors as well.
At first, it sounds pretty good. The seller has access to a preapproved list of … (1 comments)
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Jeff Kaller
Saint Augustine,
FL
More about me…
FreeShortSaleCourse.com
Office Phone: (800) 606-1250
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