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I just closed a short sale in 60 days. The bank was Wells Fargo with one loan. With a cooperating client, true hardship, one loan, in Equator, and V.A. as the investor, what was there not to like? The buyer was an all cash investor who wasn't going…
My client just bought a new home two years after we did a successful short sale on his previous home. He now has a mortgage at half the interest rate he was paying previously. His new home is approximately half the purchase price of his old home…
Obama's 9th Mandate, Directive, Initiative, i.e. suggestion to save the Real Estate CollapseThe Refinance ProgramDidn't I blog about this one year ago? Yes, check out my link:http://www.trulia.com/blog/JanBaron/2010/08/fha_short_re-finance_pr...
"Wow, good for you Julie. It goes to show, each case is different. Makes it hard to know what will work for the next SS deal."
I recently obtained a client who lost his job a year ago. He did all the right things. He contacted his lender, applied for a loan modification, made the trial payments which extended way past the three month trial period.When he could see that…
Okay, here's the latest and greatest mortgage bail out plan forCalifornia only. This one is called "Keep Your Home". It was announcedby the Califorinia Housing Finance Agency to become effective Novemeber1, 2010.This plan offers:1. A subsidy of up…
Has anyone signed up for this site? It's a relocation referral company.
By now everyone knows about the Making Home Affordable Program. What's new is that since August 1, participating lenders are now required to include the unemployed and their unemployment benefits to make homeowners eligible for assistance. This…
"Rudy, thanks for the blog. I have been listening to them also. The fees discussed were exactly what I experienced during my last short sale. Most BOA investors will not pay notary, re-conveyance fees, processing fees, document prep, courier,…"
Effective September 7, 2010 homeowners who qualify can apply for an FHA Short Refinance. Here are some of the requirements.1. Home must be worth less than the current mortgage2. Current mortgage must be Non-FHA3. Homeowner must be current on their…
Can anyone recommend a reliable, dependable, company you can recommend that sells pre-NOD lists?
If you have an up-side down loan that is causing you a true hardship, never just walk away!A foreclosure will follow you long after it is finally removed from yourcredit. If you ever apply for a loan, a job, etc. you will see thisquestion staring…
"Well, that's exactly what was said in his campaign. "We have to spread the wealth around" Sounds like Socialism to me. Sure doesn't sound like the land of opportunity anymore."
Another bail-out plan approved June 23, 2010 by the ObamaAdministration, the "Keep Your Home" program. California will receive$699.6 million to "work with lenders" to make principal reductions.Under the new program, there will be a $50,000 cap on…
"Thanks Mike!"
Comments
Mike
Thank you for adding me as your friend. Looking forward to some great networking and referrals.
Denise Stovall