Archive for March, 2012

FIDUCIARY AND LEGAL RESPONSIBILITIES OF REALTORS RELATING TO SHORT SALES - Part I

FIDUCIARY AND LEGAL RESPONSIBILITIES OF REALTORS RELATING TO SHORT SALES – Part I

First my disclosure:  I am not an attorney.  This is a Part 1 of 4 RE-Blogs from one of my consulting attorneys regarding a important subject on fiduciary responsibility for those of us who do short sales as a licensed agent. Jeff Watson, Attorney jwatson@srecnow.co FIDUCIARY AND LEGAL RESPONSIBILITIES OF REALTORS RELATING TO SHORT SALES […]

Buying a short sale home

Short sales suit patient first-time buyers

A short sale could fit the bill for a first-time homebuyer who has patience. In a short sale, the lender allows the home to be sold for less than the mortgage balance. As a result, prices often are affordable. On top of that, today’s mortgage interest rates are low. But short sales are complex and […]

Bank of America's New Authorization Form

Bank of America’s New Authorization Form

This is a three part blog detailing: 1.  BOA’s newly required Authorized release form 2.  A short video expaining the changes 3.  Attorney Jeff Watson’s comments more from an investor’s impact. Bob Hora, SVP Mortgage Servicing Executive at Bank of America Home Loans, affirmed Bank of America’s commitment to streamlining their short sale process.  In […]

Bank of America Getting Into the Landlord Business

Bank of America Getting Into the Landlord Business

Bank of America, the nation’s second-largest lender, is launching a pilot program this week that will offer a limited number of customers behind on their mortgages to transition from owner to renter. The bank, which was saddled with thousands of delinquent loans when it took over mortgage giant Countrywide, says that beginning this week “in […]

National Mortgage Settlement

What You Need to Know About the National Mortgage Settlement

Here is a Re-Blog from my attorney Steve Beede sjbeede@bpelaw.com Since the National Mortgage Settlement was first announced last month, we’ve been awaiting the details of what this will mean for upside-down owners. Details have slowly emerged and yesterday, the proposed Settlement documents were filed in Federal Court.  Although the Settlement still requires Court approval, what […]