Your Labor Day Weekend Housing News Roundup

short sale lender

Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs for distressed borrowers. Or, there are hot topics […]

When a short sale is not short

second lien

This is a common enough problem that is bears mentioning here. A short sale is only a short sale if the total of the amount owed to all the lien holders plus any additional costs of sale exceed the purchase price. A short sale is not a situation where the seller has missed multiple payments […]

Agent Ratings and Other Housing News

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Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs for distressed borrowers. Or, there are hot topics […]

Does Fannie Mae Own Your Client’s Loan?

hafa short sale

Dear Short Sale Expeditor®: I’ve read that Fannie Mae and Freddie Mac are changing things all this time–not only with respect to short sales, but also in their guidelines for when short sale sellers can purchase again. That’s all well and good, but, how do I know if my client’s mortgage is owned by Fannie […]

Spicy Tips and Your Weekly Housing News

fair housing law

Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs for distressed borrowers. Or, there are hot topics […]

Nationstar Now Involved with Auction Site Homesearch.com

auction sites

Just the other day, we learned that one of our short sales with Nationstar was going the way of the online auction. However, it was not the Auction.com online auction that we’ve been stewing about for the last several months. It’s a different online auction website called homesearch.com What Is Auction Site Homesearch.com? Having not […]

Zillow Trulia Merger – Have you had enough yet?

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Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs for distressed borrowers. Or, there are hot topics […]

Bank of America Announces New Short Sale Process

short sale process

You may think that short sales are part of your past. But the truth is that there may be more to come. Certainly not as many as there were in 2010, but there are definitely more short sales to come. And, Bank of America has just announced changes to their short sale process. According to […]

Zillow, Trulia, and Other Weekly Housing News

Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs for distressed borrowers. Or, there are hot topics […]

Client selling short? What you need to consider

second lien

Selling Short – What Agents Ought to Know I had a call last week from a seller who wants to list his condo in San Diego. He had done a lot of research about the short sale process, his lenders, short sale negotiations and the short sale time frames. But, there are subtle nuances to […]