ARCHIVED BLOG POSTS

2011 

Let's continue our discussion about foreclosure basics: Even though the loan is purchased by an Investor, the original Lender will oftentimes sign an agreement with either the Investor or the Issuer to become the Servicer of the loan. The Servicer agrees to perform basic customer service, collect...
08/30/2011
SSAA receives questions from time to time regarding foreclosure basics and the impact foreclosure will have on distressed homeowners. Foreclosure is the removal of a homeowner’s right to redeem their mortgage due to their inability to continue making their mortgage payments. It’s important to hel...
08/30/2011
Earlier today as I was reading the news, I was reminded of an Activerain featured post about the dangers of allowing the media to skew our outlook on the real estate market (posted late last week). In one news story, a journalist insisted that more bad news was on the way as new-home sales fell a...
08/23/2011
We are always on the lookout for positive trends in today's market that will help us look to the future with hope and encouragement. Once in a while we come across some statistical gems that standout in our journey for bright-side information.  According to the National Association of Realtors, s...
08/12/2011
  The short sale process is different for each bank, but most of them still follow the same basic pattern: the Authorization to Release Information is sent, then the short sale package and the loan is assigned to a negotiator in the Loss Mitigation Department. The negotiator orders a Broker’s Pri...
08/12/2011
The Federal Trade Commission (FTC) issued a press release July 15th that included exemptions for real estate brokers in regards to the Mortgage Assistance Relief Services (MARS) rule. Ever since the rule was originally released, SSAA has made efforts to ensure each agent understands the MARS rule...
08/12/2011
Short Sale Association of America (SSAA) has recently released an ebook real estate agents can access and view online that is designed to help distressed-mortgage homeowners do the following: Come to a realization that the mortgage crisis is being felt nationwide Face the reality of their circums...
08/12/2011
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