nky foreclosure help: I was accepted into CitiMortgage's ProActive Short Sale program!!! - 02/10/11 02:59 AM

 
RE/MAX corporate and CitiMortage have teamed-up to help expedite the short sale process and provide local homeowners with a "graceful exit" from their mortgage problems.  Here's an excerpt from the email:
"Dear Nicholas,
Congratulations! Because of your Short Sale training and expertise, you have been selected to participate in the CitiMortgage ProActive Short Sale program. The program is designed to assist families facing foreclosure with a viable alternative, and a more "graceful exit" through a Short Sale. In support of this program, the names of three local RE/MAX agents, who have a demonstrated expertise in Short Sales, will be provided to … (7 comments)

nky foreclosure help: Foreclosures drop, but it's not really good news... - 12/17/10 01:18 AM

Robo-signing fiasco skews most recent foreclosure numbers.  RealtyTrac is reporting their largest ever month-over-month decline in foreclosures at 21%.  Year-over-year numbers were similarly drastic as there was a 14% fall compared to Nov '09.  
"[That] forced lenders and servicers to hit the pause button on many foreclosures while they scrambled to revamp their internal procedures and revise or resubmit questionable paperwork," says RealtyTrac CEO James Saccacio.  
Rick Sharga, spokesman for RealtyTrac, says "I wish the report was actually good news," he said. "But it's just an artificial drop. For most borrowers in foreclosure, it will be a temporary reprieve."
(4 comments)