How Soon After Foreclosure Can You Buy A New Home?
Posted by relocateaz on Aug 4, 2010 in financing, Foreclosure | 1 comment
This is a question facing many homeowners who may be considering a “voluntary foreclosure” that is, to simply stop paying the mortgage and give up the home because of how much negative equity has been accrued, this is also known as a strategic walkaway. From their perspective, to continue paying a $375,000 mortgage on a...
Treasury Announces New Short Sale Process Legislation
Posted by relocateaz on Dec 1, 2009 in financing | 1 comment
The U.S. Treasury Department released a plan intended to speed up and encourage the short sale process. A short sale is the final step a homeowner may take before giving up on a house and letting it slide into foreclosure. However, in the past the foreclosure process has been time consuming and has not delivered the desired...
Fannie Mae and Freddie Mac To Overhaul Short Sale Process
Posted by relocateaz on Sep 25, 2009 in financing, Foreclosure, News, Short Sale | 2 comments
Breaking news in the real estate community. This week Gabrielle Harrison the VP of REO sales for Fannie Mae, and Ingrid Beckles the Default Asset Manager at Freddie Mac announced an overhaul to the short sale process at the two companies. A crowded room at the 5 Star Conference this week erupted as Gabriele Harrison announced...
Short sale documentation
Posted by relocateaz on Mar 2, 2009 in financing | 0 comments
If you are considering selling your house on a short sale situation there is a lot of paperwork involved. We will be developing a section dedicated to just short sales over the next few weeks. Here is our first installment and some beginning forms you will need to list a short sale with...
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