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short sell: What are the guidelines for borrowers with a short sale on a previous principal residence? - 04/09/12 02:38 PM
When a previously owned property was sold for less than what was owed (short sale), borrowers are considered eligible for a FHA insured mortgage if, as of the loan application date, all mortgage and installment debt payments were made within the month due for the twelve months preceding the short sale. Borrowers that were in default at the time of the short sale (or pre-foreclosure sale) are not eligible for three years from the date of the sale. Borrowers who sold their property under the FHA pre-foreclosure sale program are not eligible for three years from the date that FHA paid … (2 comments)
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short sell: Should you Stay or Sell Your Home ??? - 04/01/12 05:40 PM
Find out if you Should Stay or sell your home! Get your home's value, get valuable help today: www.StayorSellMyHome.com … (4 comments)
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short sell: Get Your Short Sale questions answered - 02/18/12 09:59 PM
760-464-8168 - Laura Lake Lic#01455311, The Laura Lake Group, Short Sale Agent with Keller Williams Realty, La Quinta, CA 92253Need to Short Sale? You need The Laura Lake Grouphttp://www.StopMyDesertForeclosure.comor call 760-464-8138 right now. … (2 comments)
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short sell: Should I Short Sale my Home? - 01/09/12 03:18 PM
Should I Short Sale my Home?
There are many factors to consider when thinking about short selling your home. Everyone's situation is unique and it's always in your best interest to learn everything you can before making a decision.
What type of loan(s) you have, are there tax ramifications, how do you protect yourself? I always suggest to my clients that seek legal and CPA advice to discuss their situation to see what the best strategy is for them.
My job is to help guide you through your options and help you make the best possible decision that works … (1 comments)
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short sell: Bank of America making Short Sale even easier - 12/05/11 12:58 AM
I have been doing short sales for the past 4 years and I have seen the timeframes reduce and the amount of approvals increase with Bank of America.
I can remember just a year ago, I was hearing agents say "I won't take a short sale listing if the loan is with BofA". I decided not to listen to them and kept doing them and now they are running like wildfire. I got one approval from BofA in 15 days, wow, I was impressed.
BofA is now working towards reducing the timeframes even further with their latest announcement. BofA … (5 comments)
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short sell: Mortgage Forgiveness Debt Act Expiring - 11/28/11 07:37 PM
Mortgage Forgiveness Debt Act Expiring
Unless extended, the Mortgage Forgiveness Debt Ace is set to expire the end of 2012. There is no guarantee that the act will be extended into 2013. Bottom Line, if you are thinking of doing a short sale, now is the time to act.
Rules and guidelines are constantly changing with the banks, what worked yesterday, doesn't work today. Banks are cracking down on homeowners trying to "delay" the sale with no real intention of resolving the debt with the bank.
My job is to help you understand all of your options so you … (2 comments)
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short sell: Fraud Findings Statistics Report - FannieMae - 11/03/11 05:54 PM
Fraud Findings Statistics Report-FannieMae
https://www.efanniemae.com/utility/legal/pdf/fraudstats/fraudupdate0911.pdf
Got this Report today, I was SHOCKED that California was #1.....OK...not really!!! I found this report very interesting in breaking down the type of fraud that's been happening in getting mortgage loans. At this point, there's no good in placing blame...it's time to clean up this mess and move forward and as long as we learn something from all this, we are moving in the right direction!
One thing to see by this when looking at the states that are on top of the list, they are also the same states that saw the insane equity … (0 comments)
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short sell: Short Sales, they are changing......again! - 11/02/11 11:20 PM
Short Sales, they are changing…….again!
I have been listing and negotiating short sales for past 4 years, and one thing for sure...banks and investors keep changing their minds and each file is like doing your 1st one…each one different and no one works the same, even if it’s the same lender and same investor.
I called on a lender today to get an update on several of my files and spoke to an asset manager whom I have worked with on past files and we ended up having a very nice conversation.
During our talk, he informed … (6 comments)
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Laura Lake - La Quinta Short Sale Specialist
La Quinta,
CA
More about me…
Keller Williams Realty La Quinta
Address: 47170 Washington Street, La Quinta, CA, 92253
Office Phone: (760) 601-3000
Cell Phone: (760) 609-4601
Email Me
Many homeowners are asking themselves a very difficult question. "Do I Short Sale my Home or stay and tough it out?"
This free service will help give you the knowledge you need to help you make an informed decision
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