Providing No Cost Short Sale Processing For Agents and Homeowners
Feeling Trapped by your Mortgage? Education Is Key When faced with unaffordable mortgage payments, your house can feel more like a cage than a home. You may feel trapped because it’s hard to know what to do to improve your situation, and you may just want to give up. Don’t give up! The reality is [...]
Easy steps to set up and use Twitter to market to homeowners in pre-foreclosure, find short sale clients and other resources. This is the first video of Trademark’s series on Marketing To Distressed Homeowners. The video will cover how to set up twitter, a number of easy add-ons and techniques to maximize your Social [...]
In March 2009, the U.S. Treasury issued guidance for loan modifications by participants in the Making Home Affordable Program. The program was updated and expanded in April of 2010 to include the Home Affordable Foreclosure Alternatives Program (HAFA). HAFA provided borrowers with an alternative to foreclosure through a short sale or deed-in-lieu (DIL) of [...]
Although the FTC’s MARS Rule took effect on January 31, 2011, most real estate brokers have little or no knowledge regarding the impact on their practice. Why hasn’t someone told me about MARS? Most publications only recently have had a chance to read through and analyze the MARS Rule. Not only is the Rule 15 [...]
Rule Outlaws Advance Fees and False Claims, Requires Clear Disclosures If you are an agent/broker, involved in short sales, or are a 3rd party short sale negotiator and have not yet heard about or sought legal advice on the new FTC Mortgage Assistance Relief Services (MARS) Rule that takes effect on February 1, 2011, it [...]
I am often asked when working with homeowners with a distressed mortgage, “What are my options to avoid foreclosure?” As a Short Sale Agent and Short Sale Specialist in Houston Texas and surrounding areas, I provide the homeowner with a number of options to stop, postpone or avoid foreclosure; each with its pros and cons. This allows the homeowner to decide which option to avoid foreclosure is best suited to their particular needs.
Get Your Short Sale Questions Answered Here! Get your short sale questions answered by our team of real estate agents, negotiators, attorneys, mortgage brokers, title companies and more. Just add a comment to the post, and we will answer your questions usually within 24 hours or less. RSS feed your question to get an immediate [...]
The Home Affordable Foreclosure Alternatives Program 2011 Update On December 28, 2010, the Treasury Department released another update to the Home Affordable Foreclosure Alternatives Program (HAFA). Not surprisingly, the Treasury Department was under the gun as a result of the program’s poor overall performance. According to the Congressional Oversight Panel (the Troubled Asset Relief Program [...]
There have been numerous discussions on recent blogs focused on two specific topics of interest: 1. The ethics/legality of the agent getting compensated for the short sale negotiations 2. The use of and compensation for 3rd party short sale negotiators, particularly in requesting that the buyer pay the negotiating fee to the 3rd party. Also [...]
Freddie Mac is once again lumping legitimate resale transactions in with the fraudulent ones in order to deflect accountability for its massive loan losses due to buying loans it had to know were bogus. The Freddie Mac web site has a new article dated September 27, 2010 rehashing old issues. This time it’s titled “Fighting Back Against Mortgage Fraud” and has a real, named author in Ed Haldeman, the CEO of Freddie Mac.
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