short sale: Banks paying cash to eligible Floridians who lost homes in foreclosure - 01/17/13 10:02 PM
Palm Beach County residents who lost homes to foreclosure could be eligible for cash payments from banks. I posted last week about the $8.5 Billion National Mortgage Settlement. Well today, January 18, 2013 is the deadline to submit your claim. Eligible people should have received a claim form in the mail last year. If you have questions regarding the claim form or think you might be eligible and maybe overlooked the form, Floridians can call the National Mortgage Settlement information line at 866-430-8358 or visit www.nationalmortgagesettlement.com to get information or file a claim online.
If you miss the deadline you may … (2 comments)

short sale: Are Short Sales Timeframes Getting Faster? - 04/18/12 11:13 PM
Fannie and Freddie Set Timeline Requirements for Short Sales
By: Carrie Bay / Source: DSnews.com
 
Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days.
The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out last fall and aim to bring greater transparency to the short sale process and expedite decisions related to these pre-foreclosure sales.
Not only is a short sale an effective foreclosure alternative when … (1 comments)

short sale: Bank of America Florida Short Sale Incentive Program Extended!!! - 12/01/11 08:12 AM
Bank of America has just extened the Florida Enhanced Short Sale Assistance Program to December 12, 2011. The program was previously set to expire November 30, 2011.
Read my previous blog post for a more in depth description of the program.
When BOA first rolled this program out in September of this year, I have to admit that a lot of professionals had their doubts on the sincerity of this Bank of America program. There have been many promises made by BOA and other lenders and servicers to simplify the short sale process or offer incentives to homeowners that are eventually reversed … (1 comments)

short sale: Bank of America Short Sale Incentive Program for Florida Homeowners - 10/11/11 05:47 AM
Bank of America just rolled out a new short sale incentive program to real estate agents in Florida. I received this email earlier in the week and already have clients accepted into the program and so far its looks to be for real. Bottom line is if you have a loan with Bank of America and have been considering the short sale option or are already behind on your mortgage payments then you need to apply for this program. Call me for further details on how to apply.
Time is of the essence as you must initiate the short sale before November … (1 comments)