Short Sellers May Get Re-Purchase Relief in 2011 - 01/16/11 05:20 AM
Waiting Period for Short Sellers may be reduced!!!  

Question:  How long do I have to wait after a Short Sale before I can purchase another home?
Answer:  For the last two years there has been a proposal at HUD to loosen guidelines from the current 3-year waiting period to just 2-years for homeowners that completed a Short Sale.
The fact that housing sales are down 24% nationally, has lenders and real estate lobby groups seeking to change the focus on loan approvals from strictly a credit standpoint to an "income approach" as a way of bringing more buyers into the marketplace.
Because of lenders impossible … (6 comments)

Fannie Mae Offers New WaysHome - 01/07/11 12:29 AM
Fannie Mae Offers New WaysHome

Fannie Mae has unveiled a real unique interactive multi-media tool called WaysHome that allows homeowners to put themselves in real-life situations they can identify with, make financial choices, and immediately see the outcomes of those choices.
Through this video reenactment, WaysHome allows homeowners to experience scenarios that address a range of options for averting foreclosure that include repayment plans, forbearances, modifications, deed-in-lieu, and Short Sales, Fannie Mae's ultimate goal is to empower borrowers to find the right housing solution for their situation.
The WaysHome video went live today on Fannie Mae's KnowYourOptions Web site.  Watch the video here:  http://www.knowyouroptions.com/ways-home  - - … (0 comments)

 
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Mike Martin | The TCR Group | Keller Williams Realty |

Fontana, CA

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(909) 476-9600 ~ www.WeLoveFontana.com

Address: The TCR Group at Keller Williams Realty, Fontana, CA, 92366

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