Archive for July, 2010

The Long and Short of Fannie and Freddie Short Sale Foreclosure Deadlines

The Long and Short of Fannie and Freddie Short Sale Foreclosure Deadlines

It’s not as easy as it used to be to request that the bank postpone a foreclosure sale on a property you are doing a short sale on. It seems that more lenders are standing firm on their foreclosure deadlines.

In the recent economic struggles that we’ve all faced, banks appear to be wizening up to the wily strategies we use to stall foreclosure dates. In response, those deadlines are no longer leaving us a lot of wiggle room.

Free Webinar Provided By My Short Sale Attorneys!

Free Webinar Provided By My Short Sale Attorneys!

Free Short Sale Webinar by two national attorneys that will demystify the fog surrounding national issues of legality and fraud in short sales.

Wells Fargo Claims Agents Owe It Fiduciary Duty

Wells Fargo Claims Agents Owe It Fiduciary Duty

If you, as an agent, are working on Wells Fargo short sales or working with an investor flipping Wells Fargo mortgages, then pay attention to this blog from my network attorney, Ron Ballard: Monday, July 19th, 2010 at 4:04pm Wells Fargo Claims Agents Owe It Fiduciary Duty Posted by Ron Ballard Obviously, I receive bank documents for […]

Short Sale Tip of the Week

Short Sale Tip of the Week

On this week’s Short Sale Tip, we cover how to escalate a Bank of America short sale file to a supervisor. On this deal BAC closed our file because they had a malfunction in their Equator.com system. We entered the short sale into Equator (the online system used by Bank of America and GMAC to upload […]

Fannie Mae to Penalize Homeowners Who Walk Away From Their Homes

Fannie Mae to Penalize Homeowners Who Walk Away From Their Homes

Now more than ever, homeowners need to work with Agents and lenders when contemplating a default on their mortgage. On Wednesday, Fannie Mae announced policy changes that will encourage more homeowners to pursue alternatives to foreclosure. Borrowers in default who decide to walk away but have the capacity to pay or didn’t complete a workout […]