Senate bill requires response to short sale requests within 75 days
By Andrew Scoggin
• February 20, 2012 • 2:57pm
A new Senate bill aims to speed up the short-sale process by requiring mortgage lenders or servicers to respond within a mandated timeline or face potential fines.
The bill, introduced late last week by Sen. Lisa Murkowski, R-Alaska, ...
January 9, 2012 - The number of housing markets showing measurable improvement nearly doubled in January with the addition of 40 new metros to the National Association of Home Builders/First American Improving Markets Index (IMI), released today. The IMI now boasts 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at least ...
The market is prime and if you are thinking of buying foreclosures regardless of where it is Blaine, Mn, Coon Rapids, MN, Anoka County Mn It just does'nt matter you will have competition from other investors.
As the Obama administration and federal regulators work on a program to sell government-owned foreclosures in bulk to investors, those investors aren’t wasting ...
Steps to Take when Receiving Short Sale Approval
If you have ever received an approval letter for a short sale, then you have probably applauded yourself for a job well done. Or, perhaps you and your colleague did a high five when the approval letter appeared in your email inbox or in the fax machine. Well, I’m here to tell you not to high five quite yet.
The first thing that you ...
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After the real estate bubble burst in 2008, many people were scared away from investing in real estate. After all, they thought real estate could never go down. That was many people's belief up until that crash. Maybe they bought a home at the peak, and got crushed. It's unfortunate.
The problem is, many of these people were flippers investing for capital gains, and not investing for passive ...
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Should you find yourself with a serious financial problem and no longer able to afford to make your mortgage payments, you might want to consider attempting to do a short sale. If you're allowed to execute a short sale, your mortgage lender has agreed to accept an amount less than the full outstanding balance of your loan as payment in full. A better alternative to bankruptcy or foreclosure, a short ...