boise short sales: What Is A VA Short Sale? - 03/14/12 08:18 AM
What Is A VA Short Sale?
 
 
If you are a homeowner with a VA loan and you are trying to avoid foreclosure because you are are unable to sell your home for an amount that is greater or equal to your VA loan balance then you might be eligible for a VA short sale which is called a VA Compromise. If you are eligible, the VA may pay a "Compromise Claim" allowing you to sell your home even though you have negative equity.
 
 
It is important to know that you may be required to pay the "Compromise … (0 comments)

boise short sales: HAFA Updates – Now More Boise Homeowners Can Avoid Foreclosure - 03/13/12 04:02 AM
HAFA Updates – Now More Boise Homeowners Can Avoid Foreclosure
 
The Treasury Department announced that the Home Affordable Modification Program (HAMP) - which is the sister program for HAFA - was extended by one (1) year through December 31, 2013.
 
This is good news for Boise homeowners who can no longer afford to stay in their homes but fear some of the adverse consequences of a short sale.  Not only has the HAFA program been extended, but key provisions have been expanded to allow more Boise homeowners to participate and avoid foreclosure.  
 
 
Noteworthy changes to the HAFA short … (0 comments)

boise short sales: Invest In Boise Idaho Real Estate - 03/12/12 06:47 AM
Invest in Boise Idaho Real Estate
 
Buffett, or The Oracle of Omaha as he is often called says single family homes are a best bet investment given today’s real estate prices and historically low mortgage interest rates.  
Buffett is considered by many to be the foremost voices in the financial investment field so in other words when he says buy, others ask how many?  
Buffett has been talking up single family homes for awhile now and recently reiterated his bullish opinion on real estate investments a short time ago during a CNBC interview.  He advises first time home … (0 comments)

boise short sales: Summary of the National Mortgage Settlement Act - 02/21/12 06:47 AM
Summary of the National Mortgage Settlement Act for Boise Idaho Homeowners
 
After nearly one year of discussions, the National Mortgage Settlement Act was finalized.  This settlement represents an agreement between state attorneys general and five mortgage servicers including Wells Fargo, CitiBank, Bank of America, Chase and Ally who opted in towards the end.  At $25 billion, this settlement represents the second largest financial recovery in our countries history.  The settlement has been a long time coming and was born out of the dire condition of the national real estate market as well as accusations that the mortgage industry acted improperly after being caught “robo signing” … (0 comments)

 
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