May 2013 Blog Posts (27)

Real Estate Agent in Oregon, Wisconsin

We would like to introduce you to our home buyer specialist, Bethany Alexander, Realtor® serving the Oregon, Wisconsin area!…

Dane County WI Real Estate

Added by Michael Collins, CDPE, SFR, BPOR on May 30, 2013 at 5:23pm — No Comments

HAFA, HARP & HAMP Extended Through 2015

U.S. Secretary of the Treasury Jack Lew announced today that Treasury is extending the Making Home Affordable Program for another two years. The new expiration date is now set for December 31, 2015.

The program offers help to homeowners through solutions including the Home Affordable Modification Program (HAMP), Home Affordable Foreclosure Alternatives (HAFA), and the Second Lien…


Added by Mike Linkenauger on May 30, 2013 at 12:48pm — 3 Comments

How to get short sales REMOVED from Credit Reports

Short Sale Specialist Network


How long after a short sale does a seller REALLY have to wait in order to be able to purchase a property again and qualify for a mortgage? Is it possible to get short sales and foreclosures removed from a credit report? Join Mike Linkenauger, Director of Operations of the Short Sale Specialist Network, along with Randy Cochrane, short sale broker and Credit Expert with United Credit Education Services to discuss common credit myths…


Added by Mike Linkenauger on May 29, 2013 at 3:30pm — No Comments

Wisconsin Short Sale Closing!

We are happy to announce the closing on another one of our short sale listings, this time in Oxford, WI! This was an Associated Bank negotiated short sale. Short sale transactions can be complex, but if you have an experienced Short Sale Realtor® the process…

Added by Michael Collins, CDPE, SFR, BPOR on May 28, 2013 at 10:58am — No Comments

Short Sale Misconceptions in Florida

A short sale allows a homeowner to sell a home where more is owed than what it is worth. Unfortunately, many short sale misconceptions have developed.  It is important to clarify these misconceptions.

Misconception #1 – Banks would rather foreclose than work with a short sale.

The reality is that the foreclosure process in Florida can be extremely costly for banks.  Banks would rather work with homeowners who  are experiencing financial hardship and help them…


Added by Ray Garcia on May 22, 2013 at 12:10am — No Comments

Green Planet Servicer

Does anyone know any upper management/ contact people in Green Planet Servicing? Please send to I'm having a hard time with them and it's for an Army Sargent with Orders to relocate. Thank you.

Added by Ginny Vickers on May 17, 2013 at 11:53am — 2 Comments

Rapid Changes In The Real Estate Market Are Setting Off Alarms

Hi folks. There are some major changes taking place in the Real Estate market right now. This article will touch down on the few that I feel are serious issues that will have a negative affect on consumers and agents alike.…


Added by Steve Pate on May 16, 2013 at 3:46pm — 4 Comments

Top 100 in Real Estate

Who are the Top 100 in Real Estate, and what can we learn from them? Harris Real Estate University is re-launching the "Top 100 in Real Estate" website, and inviting you to join us in nominating the top agents, most influential…


Added by Tim Ventura on May 14, 2013 at 12:28am — No Comments


Go to Twitter and request assistance from the Help Team @BofA_Help


They should response within the hour and I have found they really do help get the file moving if you are having problems.

Added by Susan Uribe on May 13, 2013 at 12:35pm — 1 Comment

Five Ways to Spring Clean Your Credit Report

Here's a latest article from one of my favorite bloggers, Tara-Nicholle Nelson, a broker in Northern California
"Have you noticed your Facebook friends posting pics of their newly cleaned, organized, spruced, and shampooed closets, rooms and carpets?  I certainly have - seems like the urge to tackle those big Spring Cleaning projects is in the air!  Seeing…

Added by Bob Phillips, CDPE, SFR on May 10, 2013 at 3:20pm — No Comments

Freddie Mac Housing Professionals Outreach News

I like to stay informed with Freddie Mac and Fannie Mae forever changing guidelines  Subscribe to Housing Professionals Outreach News today

Added by Magda Robles on May 10, 2013 at 2:50pm — No Comments

BOA Short Sale Problems

I've been working on a BOA short sale since last year we've submitted all the requested documents, and can't get an answer from them for an approval, We've had 3 negotiators and none of them have responded to our inquiries any suggestions? I'm also working on another short sale the lender is Nation Star Mortgage this one is going through equator we've submitted all the docs, and can't get any updates. 

Added by Phillip Auguste on May 9, 2013 at 9:30pm — 17 Comments

Short sale homes for sale in Casa Grande AZ

Short sale homes for sale in Casa Grande AZ


 As of 05/09/2013 there are 13 shorts sales in Casa Grande AZ for sale. In the month of April eight short sale listings closed escrow. Current there are 264 homes for sale in Casa Grande AZ, currently there is less than 5% of the homes listed as short sale in the MLS for Casa Grande AZ. There were 114 homes that…


Added by James Patrick Sanson on May 9, 2013 at 8:50pm — No Comments

Foreclosure Situation is Not Getting any Better

Although the housing market is showing signs of recovery, other indicators show the foreclosure crisis is getting worse. In a September interview with U.S. News, Austan Goolsbee, the former chairman of the Council of Economic Advisers, said, “I think there’s a lot wrong in the housing market. If Fannie and Freddie would start enabling people to rent out the vacant homes, that would also help.”

Some interesting foreclosure facts:

1. The mortgage loans which are currently under…


Added by Ray Garcia on May 6, 2013 at 11:45pm — 1 Comment


Short sales in Florida occur when a homeowner who can no  longer afford to pay for their mortgage may avoid foreclosure and get out of the debt with minimal financial damage by he selling the property for less than the mortgage amount. Since the lender must accept less than what they are owed in order for a short sale to be approved, it is the lender’s decision whether or not to accept the short sale offer proposed by the homeowner. But, there are certain things a homeowner can do to improve…


Added by Ray Garcia on May 6, 2013 at 11:43pm — 1 Comment


The ROBO signed documents may create legal trouble for homeowners for years. Mortgage documents are being invalidated by courts in Florida, furthermore, insurers are hesitant to write policies, and judges are blocking banks from foreclosing on certain homes based on the invalid documents. Some law firms are intentionally removing or withdrawing previously filed documents.

The issues with improper mortgage documents that have been labeled as “robo-signing,” have led some of the…


Added by Ray Garcia on May 6, 2013 at 11:40pm — No Comments


             Renters are being seriously affected by foreclosures almost as much as homeowners these days. The downfall of the mortgage industry has resulted in millions of foreclosed homes.  Most of the occupants of these foreclosed homes are the homeowners themselves, but a great number of the occupants are renters who discover, often with no warning, that their rented house is now owned by a bank, which wants them out.

             The usual foreclosed home may have originally been…


Added by Ray Garcia on May 6, 2013 at 11:38pm — No Comments

Loan Modification v. Bankruptcy in Florida

If you are a South Florida homeowner, and are in foreclosure, you may have trouble meeting other financial obligations besides just your mortgage. Your first step would be to consult a Miami Dade Foreclosure attorney. If however, a final judgment has already been entered and your Miami-Dade County property has a foreclosure sale date, bankruptcy may be an option. If your property has been foreclosed, the lender may proceed with a deficiency judgment to recover the difference between the…


Added by Ray Garcia on May 6, 2013 at 11:34pm — No Comments

Home Affordable Unemployment Program

            A new program called The Home Affordable Unemployment Program has been announced by the Treasury Department, and took effect on July 1, 2010.  This new program provides servicers the flexibility to provide assistance to borrowers whose hardship is related to unemployment.  According to this new program, when a borrower is unemployed, a HAMP trial period plan or permanent HAMP modification may not be offered to the borrower as the borrower may not have the ability to make the…


Added by Ray Garcia on May 6, 2013 at 11:32pm — No Comments

Florida Deed in Lieu of Foreclosure

When negotiating a Deed in Lieu of Foreclosure in Florida be sure to  have the lender agree to waive or release you from  any deficiency in the difference between the mortgage amount owed and the ultimate market value of the property. This will prevent the lender from suing you in the future for that deficiency. A Deed in Lieu of Foreclosure will provide you no benefit unless you receive a waiver or relase of the deficency.

Ray Garcia, Esq.

Board Certified in Real…


Added by Ray Garcia on May 6, 2013 at 11:28pm — No Comments

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