Short Sale Investors

6 Questions Foreclosure Buyers Should Ask

2011-04-05T02:13:00.001-07:00

Is now a good time to buy a foreclosure? This is a very common question from both real estate professionals and prospective buyers. Obviously, because local market conditions vary, the answer is different from market to market. But there are questions that buyers in any market should be asking before they make an offer on a property in foreclosure. What's the first step buyers need to

Short Sales A to Z

2011-04-04T12:51:00.001-07:00

Short Sale Exprience and Success! Homeowners and Buyers pay no commissions! Homeowners pay no closing costs either, and manys occassions, we can get the closing costs paid by the lien holder for the buyers as well.Beryl Gosney and his short sale team and partners work Short Sales as the main focus of their reral estate business. Check out their many websites that are valuable information

HAMP to be cut?

2011-02-10T14:36:00.001-08:00

The House Financial Services Committee (HFSC) is meeting today to discuss and "markup" its oversight plan for the 112th Congress. On the docket of proposed federal budget cuts are 12 different housing programs, with only one being replaced. The most well known of the programs the committee wants to curtail are the Making Home Affordable Programs, established about a year ago. House members

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2011-02-09T23:07:00.001-08:00

IS THE HAMP PROGRAM IN DANGER OF FAILING? Anyone who has tried to get a loan modification through the Home Affordable Modification Program (HAMP) knows what a frustrating and, most-often, unsuccessful "solution" this has been for upside-down homeowners seeking to save their homes. As I have previously reported, only 4.6% of applicants ever obtain a permanent HAMP modification and, as

The rise and fall of a foreclosure

2011-02-09T21:43:00.001-08:00

By MICHELLE CONLIN AP Business Writer FORT LAUDERDALE, Fla. -- During the housing crash, it was good to be a foreclosure king. David Stern was Florida's top foreclosure lawyer, and he lived like an oil sheik. He piled up a collection of trophy properties, glided through town in a

BOA settles for $3 billion

2011-01-18T04:35:00.001-08:00

Bank of America (BOA) said that it paid nearly $1.3 billion to Freddie Mac and more than $1.3 billion to Fannie Mae on Dec. 31 to resolve a faulty mortgage loan dispute involving Countrywide Financial Corp. The $2.6 billion worth of payments to Freddie and Fannie, combined with potential losses on future repurchases from government-sponsored enterprises, adds up to $3 billion in expenses,

Foreclosure Investigation Update and more

2010-12-22T13:37:00.001-08:00

Foreclosure investigation to be revealed in January 2011Treasury Secretary, Timothy Geithner and the Housing and Urban Development Secretary Shaun Donovan, said in a joint-statement that they expect the Administration task force assigned to investigate fraudulent mortgage foreclosure practices to present its results to them next month. According to a Post Chronicle report published today,

Bank of America Quietly Unveiling New Short Sale System

2010-12-04T04:39:00.001-08:00

Any real estate investor or real estate agent who specializes in short sales will tell you that their results largely depend on the bank they're dealing with. A short sale is when a homeowner, who owes more on their home than it is actually worth in today's market, decides to sell their home – either because they're delinquent on their payments, facing a separate financial hardship, or

NEW INITIATIVES TO HELP HOMEOWNERS, VETERANS, AND WORKERS ACCESS LEGAL SERVICES

2010-11-24T14:59:00.000-08:00

Helping Homeowners November 22, 2010 by HUD WASHINGTON, DC - November 22, 2010 - (RealEstateRama) — At a Middle Class Task Force event today, co-hosted by the Department of Justice's Access to Justice Initiative, Vice President Biden announced a series of steps designed to help middle

The Mortgage Note Saga Continues...

2010-11-24T10:41:00.000-08:00

Countrywide's Mortgage Document Errors May Doom Bank of AmericaBy ABIGAIL FIELD Daily Finance, Posted 1:30 PM 11/22/10 Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America (BAC). If what one bank employee said on the stand proves to be accurate, paperwork problems it acquired when it purchased the failing mortgage

Housing Activity Remained Sluggish During October;

2010-11-20T17:07:00.001-08:00

Housing Activity Remained Sluggish During October;Market Change Not Likely to be "Light Switch" Moment KIRKLAND, WA, November 4, 2010 – Housing activity around Washington state remained lackluster during October, with brokers reporting year-over-year declines in pending sales. On a brighter note, prices on sales that closed last month showed signs of stabilizing, with eight counties

Update - Housing Industry and Our Economy

2010-11-19T20:19:00.001-08:00

Is HAMP dying or almost dead?"It's safe to say that HAMP isn't meeting its goal of preventing foreclosures," Representative Maxine Waters said at a House Financial Services subcommittee hearing after the Treasury provided a preview of a report by the U.S. Treasury Department. According to the report, homeowners are dropping out of the Obama administration's foreclosure prevention program

H.R. 6133: Prompt Decision for Qualification of Short Sale Act of 201

2010-10-30T00:58:00.001-07:00

HR 6133 IH 111th CONGRESS 2d Session H. R. 6133 To require the lender or servicer of a home mortgage, upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale. IN THE HOUSE OF REPRESENTATIVES September 15, 2010 Mr. ANDREWS (for himself and Mr. ROONEY) introduced the following bill; which was referred to the Committee on Financial

Unlimited Short Sales at Connect Realty

2010-10-16T22:10:00.001-07:00

BPOs Are Killing Short Sales

2010-10-16T22:06:00.001-07:00

RaytheRealtor Licensed Real Estate Agent Hopedale, MA August 03, 2010 How do you counter a bad BPO? I get so angry with the weight the lenders (servicers) put on BPOs. They take them to be the "real" true price, and a point from where to negotiate. I try to point out that BPOs are generally done by newbie, or part time agents who need the money and are willing to put in 4-6

Here Is Your Chance To Check If You Are The Victim Of Mortgage Fraud

2010-10-13T13:37:00.001-07:00

Submitted by Tyler Durden on 10/12/2010 15:51 -0500 Wondering if you are one of those suckers paying a mortgage in limbo, with all the payments due to some non-existent mortgage noteholder getting retained at the servicer banks? Well, if you can spare 3 minutes then "Where's the Note" is for you. The website, which is on the verge of a viral break out, has a simple message: "Whether you

JPMorgan expanding mortgage review

2010-10-13T00:20:00.001-07:00

In September, Chase announced a review of 56,000 foreclosure cases in 23 states that require a judge to sign off on a foreclosure. The recent move expands the inspection to states that do not require judicial approval. Under the latest expansion, the foreclosure process will continue while documents are being examined, expected to take a few weeks. In the initial review, Chase requested

A Primer On The Foreclosure Crisis

2010-10-12T01:13:00.001-07:00

A Primer On The Foreclosure Crisis Published: Monday, 11 Oct 2010 | 2:48 PM ET By: John CarneySenior Editor, CNBC.com Last week, Bank of America announced that it was halting foreclosures in all fifty-states while it reviewed its foreclosure process for defects. Now several lawmakers on Capitol Hill are calling for other banks to initiate nationwide foreclosure freezes—a move

Why you need to choose your short sale specialist carefully

2010-10-09T15:15:00.001-07:00

The rapid increase in the number of short sales, and the short sales process itself present a number of challenges for realtors which specialize in short sales. Limited experienceLimited experience is a challenge, many realtors maybe new to the short sales process; a difficulty which is compounded by many lenders' lack of sufficient and experienced staff to process short sales. Even if

Bank REO's Direct

2010-10-09T14:34:00.001-07:00

OneWest Bank / IndyMac Bank REO:http://apps.indymacbank.com/individuals/realestate/search.asp Ocwen Financial REO:http://www.ocwen.com/reo/home.cfm JP Morgan Chase Bank REO:http://mortgage.chase.com/pages/other/co_properties_landing.jsp M&T Bank REO:http://services.mandtbank.com/personal/bank_owned_prop.cfm Wells Fargo REO:http://www.pasreo.com/pasreo/public/propertySearch.do Washington Mutual

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation

2010-10-09T11:47:00.001-07:00

The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is

Bank of America Halts Foreclosures in All 50 States

2010-10-09T02:08:00.000-07:00

Bank of America Halts Foreclosures in All 50 States

Foreclosures Frozen!

2010-10-08T13:43:00.001-07:00

“Wise Buyers” Taking Advantage of Chance to Get Stellar Homes

2010-10-07T20:38:00.000-07:00

KIRKLAND, WA, October 5, 2010 – Home sales remained subpar around most of Washington during September, but directors from Northwest Multiple Listing Service say they are encouraged by some positive signs. "It's a slow recovery, but it's trending in the right direction," said Joe Spencer, president and COO of John L. Scott Real Estate and a member of the NWMLS board of directors. Among

J.P. Morgan Chase to freeze foreclosures over flawed paperwork

2010-10-04T12:26:00.001-07:00

By Ariana Eunjung ChaWashington Post Staff Writer Wednesday, September 29, 2010; 11:36 PM J.P. Morgan Chase, one of the nation's leading banks, announced Wednesday that it will freeze foreclosures in about half the country because of flawed paperwork, a move that Wall Street analysts said will pressure the rest of the industry to follow suit. This Story 7 major lenders

JPMorgan Chase Stops Foreclosures

2010-10-01T15:11:00.000-07:00

A second major mortgage lender, JPMorgan Chase, has stopped foreclosures so it can review loan documents for errors."It will probably slow things down for a couple of months while these documents are reviewed," said Rick Sharga, senior vice president at foreclosure listing service RealtyTrac Inc. "It won't stop things."But if Sharga is wrong and more problems surface, they are likely to

5 Ways To Avoid Foreclosure

2010-09-29T13:49:00.001-07:00

There are some very powerful strategies to stop foreclosure. You need to be familiar with these strategies and decide which one is best for you and your situation. Here are 5 Ways to Stop Foreclosure 1. Bring the Loan Current If you have resolved the situation that got you into foreclosure, you can bring the loan current with the lender and reinstate the loan. This method requires you to

HOME » Real Estate » Investing 5 Secrets to Getting Started As a Real Estate

2010-09-19T00:13:00.001-07:00

By Heather Dunlop Investing in real estate can be very lucrative, while having your funds secured by an asset. That is why many people turn to real estate investing. One of the myths about real estate is that you need money and credit to get started or that it is hard. This is simply not the case. There are many ways to get involved in real estate investing when you don't have money or

4 Informative Real Estate Blogs for Realtors, Investors, and Homeowners...

2010-09-18T10:24:00.000-07:00

http://www.avoidforeclosure-blog.com/ http://shortsalessuccess.blogspot.com/ http://shortsales-online.blogspot.com/ http://shortsale-investors.blogspot.com/

Prompt Decision for Qualification of Short Sale Act of 2010

2010-09-18T01:48:00.000-07:00

Washington DC, September 16, 2010 Homeowners who are underwater with their mortgage may find that relief is on the way from a bill strongly supported by the National Association of Realtors® that would impose a deadline on lenders to respond to short-sale requests. The legislation, H.R. 6133, "Prompt Decision for Qualification of Short Sale Act of 2010," was offered yesterday in Congress by

Value-Hunters” seizing opportunities to buy more affordable homes

2010-09-15T11:56:00.001-07:00

Value-Hunters" seizing opportunities to buy more affordable homes around Western and Central Washington KIRKLAND, WA, September 3, 2010 – Value is what's selling in the current housing market, according to members of Northwest Multiple Listing Service. Commenting on the MLS report summarizing August activity, directors agree conditions continue to favor buyers, although one industry

4 Blogs for Realtors, Investors, and Homeowners

2010-05-24T10:05:00.001-07:00

http://www.avoidforeclosure-blog.com/ http://shortsalessuccess.blogspot.com/ http://shortsales-online.blogspot.com/ http://shortsale-investors.blogspot.com/