illinois short sales: Score for the little guy! No more Dual Tracking on Foreclosures.
- 01/19/13 07:12 AM
New Federal Guidelines Prohibit Dual Tracking on Foreclosures New guidelines stipulating that banks and servicer's are prohibited from "Dual Tracking" on foreclosures as well as other guidelines giving homeowners a fighting chance to avoid a judicial foreclosure in Illinois. CNNMoney published an article breaking down these new rules and guidelines implemented by the Consumer Financial Protection Bureau. These new guidelines are not specific to only Illinois but for the purposes of this article, I am going to concentrate on Illinois since different states have different laws and are affected differently. CFPB Director Richard Cordray says "the new rules are aimed at trying … (0 comments)
illinois short sales: Short Sale Incentive | Illinois Short Sales
- 11/08/12 12:39 PM
Did you know that when you participate in a Short Sale you might be qualified for a cash incentive to help with your moving expenses. I have been helping Illinois homeowners avoid costly foreclosures for the last few years and on many occasions we have been very successful at getting our clients a short sale incentive of up to $3000. This last week we just received two bank approvals for two separate homeowners both of which is recieving a cash incentive to help alleviate the costs of moving. So imagine this, you put your home up for sale as a short … (0 comments)
illinois short sales: We helped Another Homeowner With Their Bank Of America Short Sale | Bank Of America Short Sales
- 01/01/12 09:33 PM
Bank Of America Short Sale Approved & Closed! Raymond Kennedy has closed another Bank Of America Short Sale in Illinois. Bank Of America approved the Short Sale and released the lien on the property for a total payoff of roughly $189,000. Based off the amount that was owed there was over $50,000 loss off the original loan. The loan was forgiven without any deficiency amount attached. In addition Harris Bank held a lien on a second loan which was also approved allowing the sale. This allowed the homeowner to move on with their life and put them in a much stronger financial … (1 comments)
illinois short sales: Citi Mortgage Short Sale Successful For This Illinois Townhouse Owner | Illinois Citi Mortgage Short Sales
- 01/01/12 09:24 PM
Citi Mortgage Short Sale Approved & Closed! Raymond Kennedy has closed another Citi Mortgage Short Sale in Illinois. Citi Mortgage approved the Short Sale and released the lien on the property for a total payoff of roughly $119,000. Based off the amount that was owed there was over $65,000 loss off the original loan. The loan was forgiven without any deficiency amount attached. This allowed the homeowner to move on with their life and put them in a much stronger financial position for the future. Since Citi Mortgage is such are large lender I have worked with Citi Mortgage on Short Sales … (0 comments)
illinois short sales: HSBC Short Sale Approved & Closed | Illinois HSBC Short Sales
- 12/30/11 09:15 AM
Illinois HSBC Short Sale Approved & Closed!Raymond Kennedy has closed another HSBC Short Sale in Illinois. HSBC approved the Short Sale and released the lien on the property for a total payoff of roughly $174,000. Based off the amount that was owed there was over $75,000 loss off the original loan. The loan was forgiven without any deficiency amount attached. This allowed the homeowner to move on with their life and put them in a much stronger financial position for the future.
HSBC Short Sales is not as common as many of the other bigger name lenders/lien holders around … (2 comments)
illinois short sales: Another Wells Fargo Short Sale Closed | Wells Fargo Short Sales
- 12/29/11 06:26 PM
Wells Fargo Short Sale Approved & Closed! Wells Fargo Short Sales are very common since they are one of the largest lien holders in our nation. Raymond Kennedy has closed another Wells Fargo Short Sale in Illinois. On this particular deal there were two liens/loans attached to this property with Wells Fargo. The second lien was a Wells Fargo HELOC (Home Equity Line Of Credit) for roughly $40,000. Wells Fargo Mortgage approved the Short Sale and released both the liens on the property for a total payoff of roughly $150,000. Based off the amount that was owed there was over $80,000 … (1 comments)
illinois short sales: American Home Mortgage Servicing, Inc Short Sales - Another AHMSI Short Sale Sold!
- 12/29/11 04:08 PM
AHMSI (American Home Mortgage Servicing) Short Sale Sold! Raymond Kennedy has closed another AHMSI, American Home Mortgage Servicing, Short Sale in Illinois. AHMSI approved the Short Sale and released the lien on the property for a total payoff of roughly $129,000. Based off the amount that was owed there was over $40,000 loss off the original loan. The loan was forgiven without any deficiency attached. This allowed the homeowner to move on with their life and put them in a much stronger financial position for the future. AHMSI, American Home Mortgage Servicing Short Sale did not have to pay a single fee in … (2 comments)
Chase Short Sales are very common since they are one of the largest lien holders in our nation. Raymond Kennedy has closed another Chase Short Sale in Illinois. On this particular deal there were two liens/loans attached to this property with Chase. Chase Mortgage approved the Short Sale and released both the liens on the property for a total payoff of roughly $110,000. Based off the amount that was owed there was over $100,000 loss between both the loans. The loan was forgiven without any deficiency attached and full release of liability. This … (1 comments)
Once again Raymond Kennedy has closed another Nationstar Short Sale in Illinois. On this particular deal the lien holder, Nationstar Mortgage, approved the Short Sale and released the lien on the property for a total payoff of roughly $103,000. Based off the amount that was owed there was over $70,000 of the original loan forgiven without any deficiency attached. This allowed the homeowner to move on with their life and put them in a much stronger financial position for the future.
I am currently working with two other homeowners on Nationstar Short … (4 comments)
New Federal Guidelines Prohibit Dual Tracking on Foreclosures New guidelines stipulating that banks and servicer's are prohibited from "Dual Tracking" on foreclosures as well as other guidelines giving homeowners a fighting chance to avoid a judicial foreclosure in Illinois. CNNMoney published an article breaking down these new rules and guidelines implemented by the Consumer Financial Protection Bureau. These new guidelines are not specific to only Illinois but for the purposes of this article, I am going to concentrate on Illinois since different states have different laws and are affected differently. 
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