Bill to Speed Up Short Sale Process and Avoid Foreclosure

Bill to Speed Up Short Sale Process and Avoid Foreclosure

Bill to Speed Up Short Sale Process and Avoid Foreclosure This might be one of the few government bills affecting real estate that might work! To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Arkansas), Scott […]

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Bank of America stops selling mortgages to Fannie Mae

Here is an interesting article from Jacob Gaffney describing Bank of America’s policy change that they will not be selling many of their loans to Freddie Mac and Ginnie Mae!  Those of you involved in Short Sales will find this move as a very positive approach to remove these government agencies from the short sale […]

New CA Law SB 485 Mortgage Deficiency Judgments - Seller/Agent Victory Or Victim Of Unintended Consequences

New CA Law SB 485 Mortgage Deficiency Judgments – Seller/Agent Victory Or Victim Of Unintended Consequences

SHORT SALE WORK-AROUNDS Oct 18th, 2011 SEE VIDEO PRESENTATION LINK AT END OF POST   As you should know from reading my Blog postings, the passage of Califonia’s SB458 on July 15th changed the game plan for doing short sales.  Its most important aspect was barring junior lenders from having recourse against the borrower/seller or […]

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Video: Using FaceBook to Market to Homeowners and Other Referral Sources

Video: Using Facebook to Market to Homeowners and Other Referral Sources     Easy steps to set up and use FaceBook to market to homeowners in pre-foreclosure, find short sale clients and other resources.   This is the 2nd video of Trademark’s series on Marketing To Distressed Homeowners.  The video will cover how to set […]

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THE NATIONAL MORTGAGE SETTLEMENT – Hype Or Help?

BPE Law Group E-News Business – Property – Estate Planning February 10, 2012 The news media is heralding what has been called the “National Mortgage Settlement”  as being a great benefit for distressed homeowners.  But behind the headlines this seems like a lot more government hype than any real help.  The public remains torn between […]

Five Common Misconceptions Homeowners Have About Short Sales

Five Common Misconceptions Homeowners Have About Short Sales

Unfortunately, many homeowners get misinformation or very incorrect and misleading information regarding short sales from their friends, on the web or even other agents. Here is the most common questions our clients have asked: Q: I hear short sales are a huge hassle and seldom work. A: I work on short sales with my clients […]

Feeling Trapped by your Mortgage? Education Is Key!

Feeling Trapped by your Mortgage? Education Is Key!

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 […]

Using Twitter to Market to Homeowners in Pre-Foreclosure and Other Referral Leads

Using Twitter to Market to Homeowners in Pre-Foreclosure and Other Referral Leads

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 […]

Home Affordable Foreclosure Alternative Program (HAFA) Changes Again

Home Affordable Foreclosure Alternative Program (HAFA) Changes Again

  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 […]

Does the New Mortgage Assistance Relief Services (MARS) Rule Affect Realtors and Short Sale Negotiators?

Does the New Mortgage Assistance Relief Services (MARS) Rule Affect Realtors and Short Sale Negotiators?

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 […]