Short Sale Agent in Aliso Viejo The government and many Real Estate experts projected a record number of short sales in 2012. I believe they will continue thru 2013. The Federal and California…Continue
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Why Loan Modifications are a bad idea
In 2009, Congress passed the Federal Mortgage Loan Modification Program called Making Homes Affordable to help stop foreclosures. Under this program, your mortgage must be under $729,500 and have been signed before January 1, 2009. The Federal Government offers grants, loans, subsidies, and other financial incentives to banks who institute this program; however, this program does not guarantee that your Mortgage Lender will…Continue
Buying a Short Sale
It's an unfortunate fact in today's Real Estate market, if you are looking for a home chances you will be buying a short sale.
I have met many weary buyers who are just sick of making offers on short sales and waiting and waiting and it doesn't go thru. Now, after months of waiting they have to start over again. Has this ever happened to you?
Even after all of the advances the lenders have made to improve the short sale process, you…Continue
In an effort to stream line short sales Fannie Mae and Freddie Mac announced they are issuing new guidelines to their mortgage servicers that will consolidate existing short sale programs into one standard short sale program.
The new Fannie Mae and Freddie Mac Short Sales guidelines, which go into effect Nov. 1 2012, will permit a homeowner with a Fannie Mae or Freddie Mac mortgage to sell their home in a short sale even if they are…