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short sales: Alert !- Fake Short Pay Letters are coming up everywhere - Powerteamhomes.com - 10/17/11 06:53 PM
We are all aware of schemes in short sales from “Flipping” to “Flopping” and many others; now something else for Realtors to worry about: fake short pay letters from lenders. Nothing worse than having written a few contracts with a buyer and have the “good” one fall apart before the closing just because it was a scheme: so much work, time and effort and no payday. Here is a real example to keep in mind.
The seller was in the process of negotiating a short sale with his lender, Bank of America,through the services of a third-party short sale negotiation company. … (2 comments)

short sales: Near complete stop to foreclosures nationwide - PowerTeamHomes.com - 10/11/10 12:26 PM

What started out within a few lenders has now turned into a major halt to the nation’s REO and foreclosure business by Freddie Mac, Fannie Mae, Bank of America, GMAC, JP Morgan Chase, Wells Fargo and many other large and small lenders.
For HomeSteps ,a foreclosure program,properties with Sales Pending: Per Freddie Mac, buyer must be notified,through the buyer’s attorneys and buyer’s agents, that all buyers who are under an executed, approved contract, may keep their contracts in place while the issue is being addressed and resolved. However,should any buyer wish to terminate his or her contract, Agents must work … (0 comments)

short sales: Newest Credit Card Restrictions Take Effect - Powerteamhomes.com - 10/04/10 12:06 PM
 
By now, most of us have already noticed that our credit card statements have taken on a more reader friendly look than they have in prior years.  Information such as when payments are due, the amount owed, the consequences of making late payments and how much we are paying in fees and interest on different types of accounts are now easier to find.  The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 was passed by Congress with the intent to protect credit card users from unfair rate hikes and hidden fees.  The bulk of this new Act has … (0 comments)

 
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Paul N. Paterakis Lake Zurich, Long Grove, Hawthorn Woods, Kildeer Real Estate

Lake Zurich, IL

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The Paul Paterakis Power Team-Remax Showcase Homes For Sale

Address: 7159 RFD, Long Grove, IL, 60047

Office Phone: (847) 388-7551

Cell Phone: (847) 366-3455

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