Not fun at all – junior liens on short sales

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Negotiating with second lien holders has long been a hot topic on the Short Sale Expeditor® website. Most recently, two agents asked the following questions about junior liens and short sales. Why do second lien holders play games when they are in the inferior position? Why doesn’t the threat of foreclosure scare the second lien […]

Here’s What You Want to Know

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Christmas and Thanksgiving are behind us. The New Year’s festivities are behind us, and apparently agents are back in business in 2015. The phone was ringing off the hook this week with all sorts of short sale questions. Here’s what you (or your peers and colleagues) wanted to know: Are you still processing short sales? […]

HAFA Relocation Assistance Increased to $10K

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On October 30, 2014, the Home Affordable Foreclosure Alternatives (HAFA) Program released Supplemental Directive 14-04: Making Home Affordable – Program Updates. If this sounds like a lot of gibberish, the main thing that real estate professionals need to know is this: HAFA relocation assistance is increased to $10,000 for short sale sellers that close on […]

President Obama Signs Mortgage Debt Forgiveness Act

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Did you hear the news? Probably by now, you have. Any owners of homes that participated in short sales during 2014 will now be pleased to know that President Obama signed the Mortgage Debt Forgiveness Act into law (or rather, he signed the extension of the Act that originally was drafted in 2007 and had […]

Are you ready to roll with your business plan?

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Happy 2015! If you haven’t already done so, it’s time to evaluate where you’re at—business wise. Do you have all your real estate business plan in order to for 2015? Or, are you looking for a last minute way to pump it cup and get organized for 2015? As a Realtor®, I know how challenging […]

Weekly Housing Roundup & Holiday Wishes

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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 the distressed property world. Other weeks, there is short sale business news and distressed property news about government programs for distressed borrowers. Housing Roundup for Week Ending December […]

Holiday Wishes from Short Sale Expeditor

It’s Christmas on Thursday (as if you didn’t already know that). All of us at Short Sale Expeditor want to wish you a very Merry Christmas and all of the best for a healthy, happy, and prosperous 2014! Our office will be closed on December 25-26, 2014 and also on January 1, 2015. (The banks […]

Weekly News Roundup – Ready for the Holidays?

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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 the distressed property world. Other weeks, there is short sale business news and distressed property news about government programs for distressed borrowers. Housing News for Week Ending December […]

Essential Daily Planner in the News Roundup

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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 the distressed property world. Other weeks, there is short sale business news and distressed property news about government programs for distressed borrowers. Housing News for Week Ending December […]