CDPE Agent

CAN THE ROBO-SIGNING SETTLEMENT HELP ME STAY IN MY HOME OR STOP FORECLOSURE?

CAN THE ROBO-SIGNING SETTLEMENT HELP ME STAY IN MY HOME OR STOP FORECLOSURE?   The news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. Chances are you have a lot of questions: What is robo-signing? Which banks are involved? How much money […]

New FHA Collections Rule Almost Killed Two Of My Short Sales

New FHA Collections Rule Almost Killed Two Of My Short Sales

Two weeks ago, we received buyer contracts for two of our short sales – each FHA buyers.  While both had credit histories that would qualify them for a FHA loan – both had over $1000 in disputed collections, one was just $1,200. As neither had locked in their loans or an established a “loan case […]

Agents Face High Risks with Bank of America New Third Party Authorization

Agents Face High Risks with Bank of America New Third Party Authorization

Bank of America is requiring a new third party authorization form (TPA) starting April 14th…. Today’s guest post features excerpts from attorney Ron Ballard’s recent article featured on his blog. Read the original post here in its entirety: Monday, April 2nd, 2012 at 11:06am Agents Face High Risks with Bank of America New TPA Posted […]

Short Sale Specialist

Are There Alternatives To Bankrupcy When Facing Foreclosure?

Are There Alternatives To Bankruptcy When Facing Foreclosure?       Considering Bankruptcy?   There may be alternatives you’ve never considered.  Millions of homeowners today are having difficulty making mortgage payments, and bankruptcy may seem unavoidable. However, it is crucial to understand the consequences and alternatives to bankruptcy, which may include the short sale of […]

FIDUCIARY AND LEGAL RESPONSIBILITIES OF REALTORS RELATING TO SHORT SALES - Part II - Explaining to the Homeowner What Their Options Are.

FIDUCIARY AND LEGAL RESPONSIBILITIES OF REALTORS RELATING TO SHORT SALES – Part II – Explaining to the Homeowner What Their Options Are.

FIDUCIARY AND LEGAL RESPONSIBILITIES OF REALTORS RELATING TO SHORT SALES – Part II – Explaining to the Homeowner What Their Options Are.   First my disclosure:  I am not an attorney.  This is a Part II of 4 RE-Blogs from one of my consulting attorneys regarding a important subject on fiduciary responsibility for those of […]

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 […]