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Fannie Mae Guidelines for Short Sales, and Deed in Lieu of Foreclosure

By
Real Estate Agent with Kona Home Team (luva llc) RS 62947

Fannie Mae Guidelines for Foreclosure, Deed in Lieu of Foreclosure, and Short Sales, seem to have a moving goal post. Honestly I think it will lighten up even more, with the ever increasing amount of homeowners in trouble, and the amount of bailouts being given out like candy - they are eventually going to have to give the honest, hard working, American a break also. 

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Lance Owens (RS)

(808) 936-8383

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

LUVA Real Estate 

75-240 Nani Kailua Dr #8 , Kailua Kona, HI. 96740 (Pines Plaza

Comments (4)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you for the information we really do have to know which people have a chance.

Mar 05, 2012 12:20 PM
Kona Home Team (LUVA LLC) Lance Owens (RB-24133)
Kona Home Team (luva llc) - Kailua-Kona, HI
2024 Real Estate Expert - Hawaii Island

Thank You Tim, 

It is still like the wild, wild, west out there, but we will survive! 

Mar 05, 2012 12:27 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Lance - Came fromt the reblog by kevin.

I do not pay attention to all these numbers. They are changing and will change. Ehen there are so many people in this situation, banks will not lose such a big chunk of population, which would otherwise buy. If the country wants recovery, the country will find a way so that banks will start giving money to people with foreclosures, bankruptcies, and short sales

Mar 05, 2012 12:45 PM
Kona Home Team (LUVA LLC) Lance Owens (RB-24133)
Kona Home Team (luva llc) - Kailua-Kona, HI
2024 Real Estate Expert - Hawaii Island

Jon - I believe the same. 

I grew up in Vegas, and in the 80s I was selling cars, -  the IRS put Tax Liens on just about ever blackjack dealer and cocktail waitress in town (for years dealers/waitress/valet parkers, all claimed $10.00 a day in tips - IRS sent spies in). 

Needless to say - nobody qualified for car loans (im sure house loans were the same) Banks wouldnt touch a tax lien with a 10 foot pole.

They had to change the rules to stay in business - pretty soon IRS tax liens weren't as important as they used be? 

Mar 05, 2012 01:11 PM