CO-OP Short Sale Guideline Update Bank Of America has updated their guidelines in regards to their Cooperative Short Sale program and foreclosure sale date holds. How will this affect transactions? Many agent’s often have offers on the table, but will not...
Freddie Mac & Fannie Mae have made some recent changes that apply to all of their short sales with or without an offer. Please see below the updates sent directly to us from Bank Of America. Title Transfer requirement change: The buyer is prohibited from selling...
Short Sale Assistance True short sale assistance is hard to come by, but with the right team in your corner it is an invaluable service provided to homeowners and real estate agents. Experience, dedication, persistence, and communication are some of the key factors...
Mortgage Debt Relief Act Extended The Mortgage Debt Relief Act ( MDR ) has been reportedly extended through the year 2013. This will serve as great news for any borrowers facing a short sale position on their primary residence. The MDR act may act as protection for...
Second Mortgage Lien Settlement Homeowners across the nation are struggling and many of them want to stay in their property. Many homeowners attempt a loan modification and do not qualify. Others that have qualified continue to have financial difficulties even after...
