Attended an MHA short sale event this morning with Wells Fargo, Chase, BOA, FannieMae and FreddicMac. The Federal Program for Distressed Homeowners has been extended through December 31, 2015 for Non GSE Loans. For GSE Loans with Fannie or Freddie, Hamp Loan Modifications have been extended through December 31, 2015. Please let me know if I can help in any way. Gail Oleaga, Realtor WUSA Realty…Continue
Curious to see different feedback from other professionals on the following:
What advantages are there from the homeowners perspective in considering each of the above over the other, assuming they can no longer keep the home or were denied a loan modification, the property is in California and there is only an existing first mortgage (recourse or…Continue
For those that saw us on the short sale cruise in February – YOU ALREADY KNOW (and you missed a GREAT TIME)!!!
For those agents that are currently making better use of their time and letting us process your short sales – YOU ALREADY KNOW!!!
FINALLY you can get what you are worth!!!
Short sales are can take dozens of hours to complete and some banks finally are…Continue
Wisconsin home sales rose an impressive 11.4 percent in the first six months of 2013 compared to last year, according to recent statistics compiled by the Wisconsin REALTORS® Association (WRA). In June alone, Wisconsin home…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 25, 2013 at 2:40pm — No Comments
How can an agent appeal the value arrived at by Freddy Mac on a single family short sale? The offer was for the exact amount the Servicer asked for, and now Freddy Mac has determined the value to be 12k higher. The property will never sell for that amount............... Any suggestions?
Bank of America Corp. (BAC), the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.
Mortgage workers falsified records and were told to delay U.S. loan-assistance applications by requesting paperwork that the…Continue
What is Mortgage Insurance?
Mortgage insurance (MI) is a financial guaranty for the lender that will assist to reduce or eliminate a loss in the case the borrower defaults on their mortgage. MI is almost universally required on loans where there is less than 20% equity. This means that if you are purchasing a home with less than twenty percent down or refinancing to more than 80% of your homes’ value, you are required to pay mortgage insurance.…Continue
Added by Brett Goldsmith on July 18, 2013 at 8:46pm — No Comments
How to Pick Profitable Rental…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 18, 2013 at 12:16pm — No Comments
Advice About Purchasing…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 18, 2013 at 12:13pm — No Comments
It Takes a Good Plan to be Successful in Rental…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 17, 2013 at 10:07am — No Comments
Financial Gurus Still Believe Rental Property Is a Safe…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 15, 2013 at 1:10pm — No Comments
Things to Consider Before You Add "Landlord"…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 12, 2013 at 10:20am — No Comments
Rock Realty Client Testimonials
"Mike & Matt,
Thank you so much for helping us find our dream home! We love it! Thank you for the many hours spent in research, travel, phone calls, and emails. Thank you for being open & honest with us every step of the way! We felt we could trust you 100%. We really enjoyed working with you and highly recommend you to others.
Kevin & Abby G. (Madison,…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 10, 2013 at 10:42am — No Comments
It seems that we've weathered the storm of the foreclosure craze and have experienced a massive pendulum shift in which home seller's can pretty much dictate what they want for a change. Multiple offer and calls for highest and best on NORMAL market sales have become the norm for some markets. All of this is absolutely outstanding.....if you're looking to sell your home.…Continue
Added by Vanessa Calhoun on July 9, 2013 at 11:08am — No Comments
We have been helping agents all over the country process their short sales and THIS IS A NEW SITUATION:
We were working with a smaller bank and THEY ACTUALLY ASKED US TO HELP THEM WRITE THEIR APPROVAL LETTER!!!
Yep, first short sale the bank had ever done.
They asked us what documents they needed to see, and, asked us to send them a copy of an approval letter from another bank so they could see what it looked like. The short sale was quickly approved…Continue
HELP,HELP,HELP.....any1 please with connection @ Nation star Mortgage. My Chase Short sale was transferred to
Nation Star Mtg..10 days before closing ..NS promised to honor Chase's Approval but I keep getting run around. My
customer's interest rate is about to reset ..I need to find some1 @ North Star (Mgmt.) ..please ..Thank you.