Finally passing on September 30th the Senate Bill set to change the name of the game made it through the door. Senate Bill 931 is set to take effect on January 1, 2011. This highly anticipated law is set to disallow a seller’s first trust deed lender from obtaining a deficiency judgment against the...
Posts Tagged ‘ negotiation ’
Bank of America: How long before they respond using Equator?
Due to our volume of business with Bank of America we frequently get asked approximately how long it takes us to process a short sale with Bank of America or BAC Home Loans Servicing, LP and, like most lenders, who have a very large volume of short sales (which is most) Bank of America’s...
Insider: ACG reports Bank of America to offer Principal Reductions.
Absolute Consultant Group (ACG), a leader in Loss Mitigation and Workout Negotiations, is reporting today that they received word from a Bank of America (BAC Home Loan Servicing LP) insider that there will be a new expansion into the Nationwide Homeownership Retention Program (NHRP). Most importantly these enhancements to the Attorney General’s program will be the addition...
News: 1 in 4 mortgages ‘underwater’
Walking away from your mortgage in most states seems like the worst thing that you can do. Well in many cases it is. With short sales on the rise and agents finding themselves with even less time on their hands they are finding that hiring 3rd party negotiation firms are the way of the...
MLReport.com Presents: Premier Real Estate Forum
We here at Mortgage Lender Report (MLReport.com) due to the great response we have been receiving from the community have added an addition that we feel everyone will benefit from. We received hundreds of questions in our pursuit to keep the market up to date about the mortgage guidelines and problems that it seems...