ARCHIVED BLOG POSTS
2009
BE AWARE OF THE "ARMS LENGTH TRANSACTION" AFFIDAVIT Hello to all! I just wanted to send out a quick note to give a heads up on an issue that you should be aware of. Be advised that HUD/FHA/VA, Fannie Mae, Freddie Mac & FDIC are now carefully auditing short-sale transactions going forward and are ...
02/28/2009
Homeowner Affordability and Stability Plan Well, here we go again with another round of legislation designed to help combat the foreclosure crises in America and put our economy back on track. Our office has already been getting a decent volume of inquiries from clients with questions on just ho...
02/19/2009
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We need to continue the fight to correct the devastation left behind by predatory lenders. It is now our even greater responsibility to make certain it never happens again. Executives of financial institutions have amassed huge fortunes on the backs of hardworking American families. While living...
02/18/2009
In response to overwhelming requests, a group is being formed as a public forum initiative to save Massachusetts and all American homeowners from the devastating effects of foreclosure. Join other real estate professionals across the country and be part of the FaceBook expierance today and become...
02/18/2009
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Hope for Homeowners Act of 2008Questions & AnswersQ: What exactly will the legislation do?A: This legislation was officially signed by President Bush and officially enacted on July 30, 2008. It will allow those who qualify to cancel their old mortgage loans and replace them with 30-year fixed-rat...
02/17/2009
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Dear Real Estate Professionals:Attached is our successful short-sales guideline that should help real estate agents facilitate pre-foreclosure short-sale transactions if they choose to facilitate these types of listings on their own. If you are a real estate agent or broker (particularly in the C...
02/17/2009
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90-DAY NOTICE OF RIGHT TO CUREOn May 1st, 2008 the Massachusetts legislator and the governor of the Commonwealth of Massachusetts officially enacted a revision to a current law in order to help homeowners who are in default with their mortgage. Under the revised law, a homeowner now has an extend...
02/17/2009
Rainmaker
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Rick Misitano
Defender of Homeowners
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This blog has been created to help real estate professionals in the Commonwealth of Massachusetts better understand Short-Sales and other Pre-
Foreclosure options available to their clients.