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Default Servicing News (DS News)

Former Countrywide Exec to Collect $57 Million for Whistle-Blower Suit

Former Countrywide executive Edward O'Donnell will receive $57 million for his role in filing a whistle-blower lawsuit against Bank of America over the sale of faulty mortgage-backed securities, according to a report from Bloomberg News.

The post Former Countrywide Exec to Collect $57 Million for Whistle-Blower Suit appeared first on DSNews.

Unemployment Rate Falls in Most States, But Changes Little Overall

Forty-one states and the District of Columbia experienced month-over-month declines in their unemployment rate, while 43 states and the District of Columbia saw year-over-year decreases in unemployment for November, according to the Regional and State Employment and Unemployment November 2014 report released Friday by the U.S. Bureau of Labor Statistics.

The post Unemployment Rate Falls in Most States, But Changes Little Overall appeared first on DSNews.

NetDirector, Auction.com Collaborate On Automated Foreclosure Listing Interface

Following weeks of collaboration and anticipation, leading cloud-based data and document exchange services provider NetDirector has announced the deployment of the Auction.com interface.

The post NetDirector, Auction.com Collaborate On Automated Foreclosure Listing Interface appeared first on DSNews.

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     We are a nationwide network of Realtors® who are specialists in helping homeowners avoid foreclosure by working a short sale.   We have created this site as an outlet for our referral and training programs, as well as to provide a resource for agents around the country to network with each other and discuss tactics and strategies in order to better work short sales. 

A site by short sale Realtors®, FOR short sale Realtors®.

At The Short Sale Specialist Network, we also work with thousands of homeowners in financial hardship, educating and guiding them through the short sale process and directing them to a qualified, screened short sale agent in their area.

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Blog Posts

FHA Discounts for First-Time Homebuyers

Posted by Michael Collins, CDPE, SFR, BPOR on December 15, 2014 at 3:40pm 0 Comments

First-Time Homebuyers Discounts through FHA

People in the market for their first home can take advantage of a new offer from FHA. This new initiative aims to provide more information to buyers though classroom education and will reward them with a reduction in the premiums paid towards mortgage insurance.

FHA-Discounts-for-First-Time-Home-Buyers

 

 

HAWK to the…

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Having Mortgage Difficulties??? YOU HAVE OPTIONS!!!!

Posted by Vanessa Calhoun on December 5, 2014 at 4:00pm 0 Comments

The housing crisis has caused a great deal of stress to homeowners in hardship, and has pushed more than one out of every seven of them into the path of foreclosure. Options have been made available to homeowners trying to avoid foreclosure; options like repayment, mortgage modification, deed in lieu of foreclosure, Bankruptcy, and short sale. In this article we will take a look at these different options available to home owners who are in…

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One Hurdle Cleared......One More To Go!!!!!

Posted by Vanessa Calhoun on December 5, 2014 at 3:02pm 0 Comments

The Mortgage Debt Forgiveness Act of 2007 provided distressed homeowners with the ability to sell their homes via short sale without having to worry about including the amount of the waived balance in their yearly tax calculations. Prior to 2007, short sellers were provided a 1099 for the amount of the waived balance and it was taxed as additional income. 

 

The Mortgage Debt Forgiveness Act of 2007 provided distressed homeowners with an avenue that provided an additional level…

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Wisconsin October 2014 Housing Statistics

Posted by Michael Collins, CDPE, SFR, BPOR on November 26, 2014 at 5:53pm 0 Comments

The Wisconsin housing statistics are in for October of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to…

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Wisconsin September 2014 Housing Statistics

Posted by Michael Collins, CDPE, SFR, BPOR on October 30, 2014 at 12:20pm 0 Comments

The Wisconsin housing statistics are in for September of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to…

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More Changes to HUD's Pre-Foreclosure Sales Program!!!

Posted by Vanessa Calhoun on October 29, 2014 at 10:22am 0 Comments

Ahhh.....another Tuesday and another email from Bank of America announcing yet another change with their short sale processing guidelines. HUD has just announced that now, their Servicers will NOT review any offers presented within the first 15 days of MLS exposure.

short-sales-150x150

Sounds reasonable, right???? Well...here's the "Gotcha"....

It appears that this 15 day MLS exposure time clock begins ticking when the property is listed within the appropriate…

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Latest Activity

Michael Collins, CDPE, SFR, BPOR posted a blog post

FHA Discounts for First-Time Homebuyers

First-Time Homebuyers Discounts through FHAPeople in the market for their first home can take advantage of a new offer from FHA. This new initiative aims to provide more information to buyers though classroom education and will reward them with a…See More
Dec 15
Vanessa Calhoun posted blog posts
Dec 5
Michael Collins, CDPE, SFR, BPOR commented on Mike Linkenauger's group Short Sale Referrals
"Found an agent for the Horicon WI referral, thanks!"
Dec 4
Michael Collins, CDPE, SFR, BPOR commented on Mike Linkenauger's group Short Sale Referrals
"Short Sale Listing lead in Horicon, Wisconsin 53032. Home value $105k. 20% referral fee. Email me if interested:info@rockrealtywi.comThanks!"
Dec 4
Linda F Collins updated their profile
Nov 28
Michael Collins, CDPE, SFR, BPOR posted a blog post

Wisconsin October 2014 Housing Statistics

The Wisconsin housing statistics are in for…See More
Nov 26
Profile IconLady Carla Espino, Sara Chris, Brenda M Kowen and 4 more joined Short Sale Specialist Network
Nov 17
Mike Linkenauger posted a discussion

Short Sale Agent / NAR Call To Action for Tax Reform

 Take Action NowCongress has begun its “Lame Duck” session with a big list of unfinished business items.  Number one on that list for REALTORS® is an extension of “The Mortgage Forgiveness Debt Releif Act.” This bipartisan legislation would extend…See More
Nov 17
Ashley E. Sanderson joined Andrew Sawyer's group
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OCWEN

Has anyone done a deal with OCWEN?  On their forms it states commissions cant exceed 4%, is this true?
Nov 10
Dave Reynolds joined Andrew Sawyer's group
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OCWEN

Has anyone done a deal with OCWEN?  On their forms it states commissions cant exceed 4%, is this true?
Nov 5
Michael Collins, CDPE, SFR, BPOR posted a blog post

Wisconsin September 2014 Housing Statistics

The Wisconsin housing statistics are in for…See More
Oct 30
Felecia Armstrong updated their profile
Oct 29

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