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Short Sale News

Short Sales to become easier for Military Families

One big topic among Real Estate pros, Servicers and asset managers alike, was improving support for distressed military families. DS news recaps one of the major changes to short sale guidelines that will make is easier for military families to short sale their underwater homes. Federal Housing Finance Agency […]

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Bank of America – HAFA Short Sale Update

Home Affordable Foreclosure Alternatives (HAFA) Short Sale Update Bank of America released today an update to the HAFA Supplemental Directive 12-02. These HAFA changes took effect June 1, 2012 and impacts short sales with loans from non-government-sponsored enterprises in which the homeowner is eligible for the HAFA program. […]

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Homeownership is still the American Dream

Despite the economic downturn, a study conducted by Coldwell Banker and psychotherapist Dr. Robi Ludwig found that even though people’s feelings about homeownership have changed, owning a home is still very much a goal for many Americans. Coldwell Banker conducted the online survey through Harris Interactive and polled […]

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Freddie Mac to make changes

Freddie Mac released a new servicer bulletin late last week announcing changes to its underwriting requirements that expand the use of electronic signatures and reduce duplicative borrower information verification. The bulletin announces the following changes: Allowing electronic signatures for certain loan application documents. Servicers may begin using electronic […]

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Despite the drop in sales, California looks promising

The California Association of Realtors (C.A.R.) reported Tuesday that, although pending home sales in the state fell from March to April, other statistics indicate a good start for the housing market. C.A.R.‘s Pending Home Sales Index (PHSI) fell from a revised 138.9 in March to 128.0 in April. […]

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Why and How to Find an Experienced Real Estate Agent

Making the decision to short sale your family home is not an easy one.  One should always know all of their options before deciding. Another tough decision to make would also be making sure that you choose the correct agent. In a short sale, this simple choice […]

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Foreclosure Activity Wanes, but is up in different states

Foreclosure filings – default notices, scheduled auctions and bank repossessions – totaled 188,780 in April 2012, which is the lowest monthly total since July 2007, according to RealtyTrac’s Foreclosure Market Report. April foreclosure activity also fell 5 percent from the previous month and was down 14 percent from […]

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Fannie Mae: Housing activity cools

A healthy dose of winter home sales led to a disappointing spring with housing activity cooling somewhat in the latter part of the first quarter, Fannie Mae said Thursday. Doug Duncan, chief economist for Fannie Mae, said activity levels looked promising in the first quarter due to warm weather […]

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Bank of America Enhanced Relocation Assistance Program

Bank of America continues to release exciting news regarding short sales! For a limited time only Bank of America is offering eligible homeowners $2,500 to $30,000 in relocation assistance. This is a huge help for distressed homeowners seeking to avoid a foreclosure. “Bank of America is committed […]

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Chase and Equator

Many of you are probably elated that Chase is finally taking steps towards streamlining their short sale process by finally beginning the transition to the online system known as Equator. If you are unfamiliar with the Chase Equator system, here is a brief run down. Through Equator, […]

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