southern new hampshire short sales: Will 2016 Be Your Last, Best, Chance For A Short Sale? - 01/08/16 12:31 AM
I received a frantic call, the other day, from a client I had recently helped with a Southern NH Short Sale.  It seems she had run into a real estate agent friend of a friend and the subject of her Short Sale came up.  The agent, no doubt in an effort to impress her with her knowledge about all things real estate, proceeded to warn her that she was most likely going to find herself with a "huge bill" because "some tax thing expired".
In all likelihood what this agent was referring to was the expiration of the Mortgage Forgiveness Debt Relief … (7 comments)

southern new hampshire short sales: Think Foreclosure Is A Way Of "Walking Away"? Think Again - 12/02/14 10:03 AM
I've long held the position that THE SINGLE MOST IMPORTANT REASON a distressed Southern New Hampshire/Northern Massachusetts homeowner should consider opting for a short sale over a foreclosure is the little known "right to pursue a deficiency judgement" that many States, including New Hampshire, allow the lender.
Once a home is foreclosed on and subsequently sold by the lender, if the proceeeds are not enough to cover the amount the foreclosed upon borrower owed plus penalties and legal fees (which of course it won't be because I'm thinking if the house could have been sold for enough to pay off … (7 comments)

southern new hampshire short sales: Is The HAFA Short Sale Program Expiring? - 01/03/13 09:26 PM
On November 1, 2012  the Treasury released Supplemental Directive 12-07 updating the policies for the Home Affordable Foreclosure Alternative Program (HAFA) with a directive that all Servicers must implement the changes by February 1, 2013 (unless prohibited by the investor - but that's a whole other story).  Many folks handling short sales, apparently, were not aware of  the upcoming changes until December 17, 2012 when the Treasury's Director of Policy and Homeownership Preservation, Laurie Maggiano, appeared on a major short sale webinar.
On December 18, 2012, Bank of America released a notice indicating that the Fannie Mae and Freddie Mac HAFA Short … (2 comments)

Joy Baker, So NH  RE & Short Sale Specialist (RE/MAX Insight) Rainmaker large

Joy Baker

So NH RE & Short Sale Specialist

Salem, NH

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RE/MAX Insight

Address: 390A Main Street, Salem, NH, 03079

Office: (603) 952-4655

Mobile: (603) 490-5344

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