Bank of America Co-op short sale program 2012-2013
In an attempt to help prevent more people from going to foreclosure, Bank of America has been beta-testing a pilot program called the cooperative short sale program for the last couple of years. The program has worked so well that they have now started to institute it on a broader scale. Cooperative short sales take less time, and generally require less paperwork. Cooperative short sales also offer relocation money above the typical $3000 offered through programs like HAFA. Here are a couple of … (0 comments)
When you’re looking to do a short sale, one of the first things to do is find out who owns your loan! Chances are the company you are paying your mortgage payment to, may not actually own the loan, they just may be the "servicer" of your loan.
A short sale can be a very complex process, and every bank and investor has different programs and guidelines that they follow. One of the best things you can do whether you are a homeowner in need of help on a short sale, or an agent trying to help a homeowner, is to … (3 comments)
Interviewing Abel Fregoso, National short sale Field manager for Wells Fargo Wells Fargo short sale process and Changes for 2012-2013
In an attempt to continually refine the short sale process Wells Fargo has recently made some changes to it's short sale process to help the homeowner and real estate agent get through a more fluid short sale process. I recently sat down with the national short sale manager and VP of short sales for Wells Fargo who let us video interview him and let us record a webinar training which can be viewed up at www.shortsalecampus.com. Below is what … (0 comments)
short sales salisbury maryland: 5528 Nithsdale Dr Salisbury, MD WATERFRONT HOME for only $225,000!
- 07/02/12 08:51 AM
ALL I CAN SAY IS WOW!! Waterfront in prestigious Subdivision of Nithsdale in Salisbury Maryland. 2500 plus square feet, almost 3 acres of land there is not a better value on the market period! Remodeled master bathroom, one of the best locations in Salisbury. NOT only is this a great deal, but this even works for an investor.This won't be around long, act fast contact me today for more details
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short sales salisbury maryland: Four Qualifications for a short sale
- 03/05/12 09:35 AM
See below here are the basic qualifications for a short sale, I hear the question all the time " how exactly do I qualify for a short sale" Although there are a few exceptions this covers the broad base of what all the banks agree on. There are some "grey" areas but this is a basic over view.1. Need to sell : Meaning that this not just a want to sell, because of certain circumstances the homeowner needs to sell(usually caused by some type of financial hardship)In this situation no other work out options will alleviate the hardship, causing the homeowner to have to … (0 comments)
foreclosures continue to plague the real estate market nationwide, Salisbury was recently mentioned as one of the top areas in Maryland with loans in default. Recent numbers show that over 9% of mortgages in the city of Salisbury are at least 90 days delinquent. In a normal market the average is 1-3% of mortgages in default. Salisbury was the top municipality per capita with loans in default, while Prince George’s county was the top county in Maryland with over 15% of all loans at least 90days behind. Prince George’s county actually landed on the top ten lists for … (0 comments)
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