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NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dropping their offers!

NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dropping their offers!

Anyone riding the short sale pipeline may have seen many buyers getting antsy as we came to the end of the filing period for tax payers to cash in on those home buying incentives. Well many of those last-minute buyers can wipe the sweat off their brow along with...
Bank of America: BAC Loan Servicing Imminent Default Terms. Do I need to be behind?

Bank of America: BAC Loan Servicing Imminent Default Terms. Do I need to be behind?

Frequently we get a lot of questions but none as much as the question, “Can I apply for assistance without being behind/delinquent?” Usually this is followed by the fact that they were told by everyone they know that they should stop making payments if...
CalHFA: We don’t need no stinkin’ government programs, Rs r gud!

CalHFA: We don’t need no stinkin’ government programs, Rs r gud!

Needless to say CalHFA’s  review of loan modification is weak and at best they don’t even look to see if you have your basic requirements for living are met. Many times you will find that they will go through multiple level’s of management prior to...
Wachovia: An offer that is too low they will automatically get you kicked out.

Wachovia: An offer that is too low they will automatically get you kicked out.

Wachovia known for its speedy work outs and it could be because of the streamline guidelines that they put out to begin with. In fact those rules aren’t necessarily that stringent but they do keep the flow of work going. Wachovia’s short sale department...
Fannie Mae: 30 Days or less to a Foreclosure Sale you need at least 25% down for help!

Fannie Mae: 30 Days or less to a Foreclosure Sale you need at least 25% down for help!

Fannie Mae in another attempt to tighten its servicing belt has decided to release new servicing procedures that are only going to make it tougher for those homeowners who find themselves in an already tough position. Starting as of this month they have increased...
NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dropping their offers!

Fannie Mae: As if it wasn’t already tough enough you better have a game plan!

Recently GSE Fannie Mae rolled out new guidelines guiding the servicers on how to manage its portfolio. Stating that it wants its borrowers, if they are in an active foreclosure and if they have a sale date within 14 days, the only acceptable remedy to stop...