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- For those who are defending the "lenders" who have been engaging in illegal conveyences and assignments. It is amazing that today in America it is more shameful to be behind on your bills than it is to perpetrate fraud, deception & othe criminal activ on Fight Your Mortgage Servicer With This Knock Out Punch
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- Will being an Accommodation Buyer for another mortgage affect my Refinance?Forum: Ask the Attorneys? Posted By: teejay Post Time: 02-09-2012 at 10:16 AM […]
- Chase sent HAMP Mod Docs but already have Chase CHAMP Permanent Mod?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: tadias13 Post Time: 02-09-2012 at 10:03 AM […]
- Newbie Help with Timelines for settlement of credit card debt??????Forum: Debt Settlement Posted By: saintjoseph Post Time: 02-09-2012 at 10:03 AM […]
- 1099 c but no foreclosureForum: Foreclosures Posted By: Nvrgvup Post Time: 02-09-2012 at 09:09 AM […]
- Bankrupty after HAMP ModificationForum: Mortgage Bankruptcy Posted By: jfmiller Post Time: 02-09-2012 at 09:06 AM […]
- Note of Intent to Foreclose Certified via USPS, "Trial" Payment Approval via FEDEX same DAY..HELP?!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: Upside Post Time: 02-09-2012 at 08:58 AM […]
- Modification gone wrongForum: Countrywide Home Loans - Tell Us Your Countrywide Story Posted By: manongagnon Post Time: 02-09-2012 at 08:46 AM […]
- AG's are announcing settlement with the banks todayForum: UNITE & FIGHT - Share Your Ideas on How Homeowners Can Fight Back Against Fraud Posted By: estela13 Post Time: 02-09-2012 at 07:52 AM […]
- 3rd Lien Holder Holding Up Sale -- Now Wants to Purchase Home!!!Forum: Short Sale Outpost Posted By: bburkemper Post Time: 02-09-2012 at 06:59 AM […]
- Which financial situation works in favor of mod vs. FC from the bank's POV?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: inthetrenches Post Time: 02-09-2012 at 06:45 AM […]
Short Sales
Real Estate Woes of “Real Housewives”
(Source: CBS News) – Drama and backstabbing! Shopping sprees! Lavish events and parties! Cat fights! But, on a more serious note, there has also been a rash of headlines involving bankruptcy, foreclosures and short sales.
Number of Short Sales on the Rise
(Source: USA Today By Julie Schmit, USA TODAY) – Short sales are increasing as a percentage of home sales in many states, helping some neighborhoods and homeowners avoid the more devastating impacts of foreclosures. Short sales — when lenders allow [...]
Patience Paying Off in Short-Sale Process
(Source: Chicago Tribune Mary Ellen Podmolik) – Are short sales getting easier?
More Short Sales Seen as Lenders Accepting Less
(Source: San Francisco Chronicle) – Homes nearing foreclosure accounted for 12 percent of total sales in the second quarter, as banks agreed to more sales at prices below the mortgage balance, RealtyTrac Inc. said Thursday.
Banks Shave More Off Home Prices
(Source: By Mary Shanklin, Orlando Sentinel) – Banks appear to be offering bigger discounts on Orlando-area foreclosures and short sales than in the past, according to a new report by RealtyTrac Inc.
Home Short Sales Increase as Banks ‘More Realistic’ on Market
(Source: Bloomberg By Dan Levy) – U.S. homes nearing foreclosure accounted for 12 percent of total sales in the second quarter as banks agreed to more transactions at prices below the outstanding mortgage balance, RealtyTrac Inc. said.
Short Sales Complicate Local Real Estate Market
(Source: My Desert Brad Schmett) – Before you get too excited over the prospect of buying that La Quinta short sale property you found online, pick up the phone and call your real estate agent. He or she needs to [...]
Is a Short Sale Worth the Knock on my Credit?
(Source: By GARY M. SINGER Sun Sentinel) – Question: My townhome has lost about 25 percent of its value. I’m barely managing the payments. Similar homes in my complex are renting at less than half of what I am paying [...]
Short Sales Strong Through 2013
(Source: UPI) – Short sales will remain strong for the next several years as foreclosure inventories timelines grow even longer, according to the chief operating officer of Equator, a premier software platform for default servicers.
Short Sales Become Bank Foreclosure Shortcut
NEW YORK (Source: TheStreet By Shanthi Bharatwaj) — Banks dealing with lengthy, complicated and frequently messy foreclosures are starting to see “short sales” as a quicker and cheaper way of getting bad loans off their books.
Short Sale Transaction Can Be Lifeboat For Homeowners Underwater
(Source: Coloradoan by Pat Ferrier) – Short sales are among the most arduous real estate transactions, often taking many months to close – if they get done at all.
Short Sale Process Flawed, Realtors Say
(Source: RecordNet By Reed Fujii) – Central Valley real estate agents are struggling with a “broken” short sale process, the California Association of Realtors says.
Short Sales: Tips for Homeowners
(Source: HTR News) – Short sales are becoming the hottest topic when there is a declining market.
New Short Sale Law Helps Homeowners
(Source: KPSP Local 2) – It’s a major victory for California homeowners, who are underwater in their mortgages.
Short Sales, Long Waits: Buyers and Sellers Find Process Frustrating
DETROIT (Source: By Greta Guest, Detroit Free Press) – Short sales are among the most arduous real estate transactions, often taking six months or more to close — if they get done at all.
Q&A: Deed In Lieu Of Foreclosure Saves Time As a Last Resort
(Source: South Florida Sun-Sentinel) – QUESTION: Can you please explain what a deed in lieu of foreclosure is and how it works?ANSWER: In a deed in lieu of foreclosure, you surrender your home to the lender to avoid the hassle [...]
Councilwoman Selling Home In Short Sale
(Source: Sign on San Diego By Jen Lebron Kuhney) – Councilwoman Marti Emerald is selling her Tierrasanta home for less than what she owes on it in a short sale.
Spanish Banks Bankia, Civica Sell Shares Amid Crisis
July 21 (Source: Bloomberg) — Nicole Itano reports on share sales by Bankia SA and Banca Civica SA as part of Spanish efforts to shore up capital amid Europe’s sovereign debt crisis. ¶ Owen Thomas also speaks on Bloomberg Television’s [...]
Short Sale Can Help Homeowners Avoid Foreclosure
(Source: By PAMELA YIP The Dallas Morning News) – For homeowners upside-down on their mortgage – owing more on the loan than the house is worth – foreclosure isn’t necessarily the only option.
Why the Housing Crash Remains a Wreck
(Source: Fox Business By Marcie Geffner) – Foreclosures. Short Sales. Unemployment. Tight credit. Overbuilding. Those are but some of the reasons housing markets in many parts of the country remain stubbornly depressed, even while activity in other economic sectors has [...]
Which to Buy: Short Sale or Foreclosure?
(Source: Fox Business By Kim Fulscher) – In this buyer’s market, some homebuyers ask themselves: Will purchasing a short sale or foreclosure end in disaster — or yield a jackpot?
Short Sale Tips for Homeowners
(Source: Arizona Central by Melissa Blasius) – Thousands of Arizona homeowners will try to short sell their homes this year. A short sale is when a lender accepts less than the mortgaged value of a home during a sale, in [...]
Short Sales Surge, But No Thanks to Government Program
(Source: CNBC By: Diana Olick) – Any time I see a 74 percent jump in anything, I hear alarm bells, so when the Treasury Department reported just that big a jump in its Home Affordable Foreclosure Alternatives (HAFA) program, I [...]
Housing Short Sales Boost Fraud Risk
(Source: By LESLIE BERKMAN The Press-Enterprise) – In the wake of failed attempts at loan modifications, delinquent homeowners increasingly are taking what many consider the next best step to avoid foreclosure: a short sale.
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