According to a report in DSNEWS.com http://www.dsnews.com/articles/lenders-that-sell-short-sales-faster-and-for-less-according-to-realtytrac-2012-04-20 Fannie Mae and Freddie Mac lead the pack in terms of expedient short sales. About 193 days on average. On the other end of the spectrum is Bank of America which Averages about 404 days. Again, keep in mind those numbers are nationwide averages. My office has executed [...]
If you are considering employing a firm for the purpose of Foreclosure Prevention, make sure to ask the following questions. Does the foreclosure consultant I’m thinking of doing business with have a Certificate of Registration from the Attorney General’s Office? Are they Bonded? Do they Charge an upfront Fee? It’s illegal for any foreclosure consultant [...]
It looks as if the majority (40) of the State Attorneys General have come to an agreement with the major lenders. On the surface it may look like win for home owners. Dig a bit deeper and it’s nothing more that a slap on the wrist to the banks and a slap in the face [...]
In my previous posting I provided some general guidance in terms of Foreclosure Prevention strategies and tactics. Beginning today I’m going to write five weekly articles which go into detail in terms of what to expect from each Foreclosure Prevention tactic. Let’s start with Loan Modifications. First of, it’s important to understand that between 2007 [...]
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