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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 […]

Rescue Me?  The Forgotten Victims of Foreclosure

Rescue Me? The Forgotten Victims of Foreclosure

Rescue me?   OK. I’m an animal lover. No, I’m not a card carrying member of the often fanatical PETA group, but an animal lover nonetheless. Particularly dogs – and especially Labs and Golden Retrievers. I’ve had pets all my life. I can’t ever remember not having a dog. Our last Yellow Lab – before our current Golden […]

The Buyer's Lender An Added Obsticle To Short Sales?

The Buyer’s Lender An Added Obsticle To Short Sales?

Dealing with the seller’s lender(s) to complete a short sale can be frustrating enough. Now, due to the spring/summer buying season, the number of refi’s and general economy issues, we are finding it increasingly difficult to get the buyer’s loan approved within the time frame of the short sale acceptance provisions – usually 30 days or less.

The End Of Short Sale Flips?

The End Of Short Sale Flips?

Whether you agree with the short sale flipping method of buying and selling real estate or not, it has become a popular method of making money through short sales.    Short sale flipping is done where an agent or investor submits a contract with the seller – usually as an option contract.  The contract price […]

Texas Senate Passes New Foreclosure Law

Texas Senate Passes New Foreclosure Law

I’m not fond of “Big Government”.  Nor am I a fan of “Excessive Government Oversight” of business.    Is oversight necessary?  Absolutely!  But in my opinion, laws that are made to protect “the public” usually swing so far to the other side that everyone is negatively affected, even those that are supposed to be protected.  […]

Fannie Mae Stops Short Sale Commission Reductions

Fannie Mae Stops Short Sale Commission Reductions

Starting March 1, 2009 the loan servicers on Fannie Mae loans cannot require brokers to reduce their commissions as a condition of the short sale approval.  Exception is if the total commission is more than 6%. Ask if it is a Fannie Mae loan and if so sendover the Fannie Mae Announcement with the short […]

End of Texas Pre-Foreclosure Purchase by Investors?

End of Texas Pre-Foreclosure Purchase by Investors?

Here is yet another Bill being introduced by our Texas Legislature that will have a negative impact not only on the Homeowner but also the Honest investor trying to help them. SB354 in Texas Legislature threatens Preforeclosure Investing In an effort to curtail so-called “foreclosure consulting”, a bill introduced by Texas State Senator Craig Estes […]