It’s always my goal to help you stay on top of the latest and greatest news. Hey… you already are ahead of the game—brave enough to stare short sales in the face and take short sale listings.
Here’s a recap of some of the interesting stuff that went on this past week in the distressed property arena:
The Market May Be Changing While you can twist statistics any way that you want (my lawyer friend told me he could argue either side of any case), it may just be true that the shadow inventory now mirrors the rate of distressed property closings.
Fannie and Freddie Principal Reductions? Fannie and Freddie are like the Boston weather—always changing and very unpredictable. So, this week they are reversing their thoughts on principal reduction. What’s next for GSEs?
Navigating the Equator System Bank of America’s use of Equator changes every day. Here are a few tips and tools that may help you to survive your next short sale transaction.
Now here’s some important news: Just in case you cannot figure out what to eat for breakfast, Consumer Reports rates different bagels. What about rating short sale lien holders? Now that would be something to read!
There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with all of the changes in the industry. Sometimes that’s hard, which is why I’ve provided you with a weekly recap right here.