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New Guidelines Unclog Short Sales Providing Buying Opportunity for Real Estate Investors, Landlords
18 hours ago ago from Property Management Software
Real Estate Property Short Sale Made Easy Uncle Sam has been frustrated with slow adoption of short sales. Short sales are where homeowners who are facing foreclosure negotiate with mortgage lenders to have them accept less than what is owed to them. Therefore, Treasury department finally adopted guidelines this month that had been proposed in April of this year. The new short sale guidelines recommend that lenders offer $3000 to ...
Related contentShort Sales Save You from Pre-foreclosure Woes
17 hours ago ago from Transactional Funding For Short Sales
That dream home in California has become a nightmare. Interest-only loans provided a way for anyone to own a perfect little palace with all the trimmings, but after a few years the rates soared and the payments became too much to bear. Four of the top ten metropolitan foreclosure areas are located in California. But there is hope. While you're in the pre-foreclosure stage, a real estate short sale may be the financial savior that you need. ...
Related contentSanta Fe Real Estate News: New Government Incentives For Short Sales
14 hours ago ago from Homes in Santa Fe NM, Real Estate in Santa Fe NM, Matt Desmond, Ryan Bolton
Matt and I are seeing more and more short sales in the Santa Fe area. Short sales can be a blessing and a curse, with many factors coming into play. The feds are recognizing some of the pitfalls of short sales, and are now trying to streamline the process. The following article outlines what the new program intends to achieve. ARTICLE: A government-incentivized program that acknowledges that not all homeowners are able to afford and ...
Related contentStopping Foreclosure – How to Get Your Home Ready For a Fast Short Sale
23 hours ago ago from Dedicated Servers
If you're a homeowner facing foreclosure, one of the things you can do is a short sale. However, as with any home sale, there are things you can do to hasten the sale. The short sale tips discussed below can mean the difference between selling your home quickly, or not selling it at all. Before we discuss what these tips are, let's briefly define the term, short sale . Stopping Foreclosure: What Is a Short Sale? A short sale is ...
Related contentObamas standardized short-sale plan could help troubled homeowners -- latimes.com
10 hours ago ago from r.j.'s space - Windows Live
Quote Obama's standardized short-sale plan could help troubled homeowners -- latimes.com If you're in trouble on your mortgage and can't get a loan modification, check out the Obama administration's standardized short-sale plan that's scheduled to roll out in the next several months. The program, outlined Dec. 1 by the Treasury Department, is an attempt to streamline what has traditionally been a contentious, time-consuming process ...
Related contentRelated News
Interest Rates Are Low, but Banks Balk at Refinancing
11 hours ago ago from The New York Times
Mortgage rates in the United States have dropped to their lowest levels since the 1940s, thanks to a trillion-dollar intervention by the federal government. Yet the banks that once handed out home loans freely are imposing such stringent requirements that many homeowners who might want to refinance are effectively locked out. Multimedia The scarcity of credit not only hurts homeowners but also has broad ...
Related contentProtesters at Chase NYC offices, want mortgage aid
7 hours ago ago from U.S. News
Protesters at Chase NYC offices, want mortgage aid NEW YORK (AP) -- Hundreds of people have entered the JPMorgan Chase & Co. offices to protest what they say is the bank's insufficient efforts to help struggling homeowners save their homes. The protest Monday was organized by the non-profit Neighborhood Assistance Corporation of America, which helps homeowners restructure their mortgages. Protesters carried signs targeting JPMorgan Chase ...
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