Wells Fargo: Short Sales go through Equator… Well at least for the most part.

Wells Fargo has a long standing reputation to upkeep of being the fuddy duddy of the Loss Mitigation industry. I am sure that if they could convince people to submit their short sale and loan modification packages via the old horse drawn cart they would. Well in an...

Fair Debt Collection Practices Act (FDCPA): What saves me from them?

Lenders are known for not playing by the rules. In many cases their underhanded tactics used to collect from consumers have become against the law with the passing of the Fair Debt Collection Practices Act (FDCPA) of 1966. The FDCPA is a federal law which governs the...
MHA:What is the HAMP review? Frequently Asked Questions.

MHA:What is the HAMP review? Frequently Asked Questions.

Many different acronyms get thrown around frequently in the business world. The banking world being one of the largest cogs in private sector it is no wonder confronting your mortgage company and getting a clear understanding of what they are trying to say or who you...
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...
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...