Paul & Jerri's Blog

This is an interesting report regarding the progress of the Making Home Affordable program.  It seems that lots of people have applied for assistance but the banks seem to be moving slow with final approvals.  However, lots of loans are in the trial period so maybe more loan modifications will be...

This is a part of an article just out today on requirements for banks to speed up the short sale process.   When buyers are made to wait 2 or 3 months to find out if their offer will be accepted, it makes it difficult to hold out for the final approval.  It looks like help is on the way... NEW YO...

We have several short sale properties available.  To buy a short sale, a buyer must be pre-qualified for the loan and be in a position to wait a couple of months (hopefully it will be faster) to get final approval from the sellers lender.  Since the bank will be taking a loss on the property, the...