Obama, after being left with a crippled economy, is trying to manage to keep it afloat with means necessary. This next attempt will have many homeowners staying tuned with their fingers crossed. President Obama‘s corner is throwing out what they hope is their next big solution for stopping this foreclosure epidemic and according Laurie Goodman,...
Bank of America is accustomed to making mistakes but this latest one will be costing many of their short sales to get decline in error. In all the movement of trying to get everyone on the new equator system the lender seems to have lost track of things and has sent many of its...
Millions of homeowners across the United states are getting onto arrangements with their lenders. Many other states may have the same or similar laws here so listen in as this could affect you and your clients. Commonly, in the state of California, the foreclosure process starts with a Notice of Default being filed against...
Image by Getty Images via Daylife FHA, one of the nation’s largest insurer of mortgage loans (if not the largest insurer to borrowers of a greater risk), every so often comes out with new guidelines that largely influence the way the real estate business gets done. Recently there were some moves to try to strengthen...
Our customers who make their mortgage payments online to Wachovia (now part of the Wells Fargo family of owned companies) from time to time find that their account will generally make have some changes made to their file in Wachovia’s online payment system when applying for different types of mortgage workouts. It is not...
It’s no surprise with the loose lending that went on the government allowed unsupervised for so many years, enough to cause an economic crisis almost as bad as the great depression, that they be forced to come up with some sort of solution for it. After seemingly enslaving a large percentage of the homeowners strapped now to...
While there is no exact answer to this question the average short sale puts in a dent into your FICO around 50-80 Points. As the FICO is influence by many different factors (not all disclosed) the affect of a short sale on someones FICO will vary. While reports state that the highest adjustment recorded...
How do I complete my portion of the short sale gets asked a lot by homeowner who are having trouble moving forward on their short sales. There are many reasons for hang ups but one of the number one reasons is the incomplete filling out of the Customer Portal. There is a need to convert documents...
Wachovia, either because a large amount of identity theft or because they’ve been caught in problems for violating the FDCPA, has enough time on their hands to receive Authorizations to Release information but are sending out another letter once that letter is processed by them. The letter that arrives requests that the borrower also...