This is a post that I thought was worth sharing in my community. I am in the state with the second longest # of days for foreclosure. Short sales done right, do seem to be pretty painless. On the othe hand if the agent has no training, I'd rather go to the dentist.
Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers.
Read below to learn about some of the interesting stuff that went on this week in the distressed property arena:
Freddie Mac Aims for 75% Reduction in Short Sales Timelines It’s a lofty goal, and I’m not confident that they will achieve it but you may want to read about Freddie Mac’s plans for 2013. I’m aiming for 5 million dollars in earnings, but that might not be so easy to achieve either.
11 States with Highest Foreclosure Rates Spoiler alert: California is on the list. But, thankfully, we are not number 1 (although I hope we will be number one at the Super Bowl)! Check out the other 10 states!
Two Blinks of an Eye = Short Sale Approval If only it were that easy… then I would probably be out of business. This article provides some tips for how to get your short sale game on.
There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with all of the changes in the industry. Sometimes that’s hard, which is why I’ve provided you with a weekly recap right here.
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