Satisfactory Lien Settlement Hardship When attempting a 2nd lien settlement it is imperative to be able to show a true hardship paper. The lender will inspect all aspects of the borrowers financials. These documents include not short of all bank statements, pay stubs,...
HAFA Relocation Incentive Denied It is important to know that just because a short sale is going through HAFA that does not guarantee that the borrower(s) will be eligible for the relocation incentive of up to $3,000. Typically the main reason why a borrower would not...
Texas Homestead Regulation Texas has some of the strictest regulations in regards to a borrowers homestead in the nation. What Is A Homestead A homestead is a a person’s or family’s residence, which comprises the land, house, and outbuildings. When there...
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...
