Options To Avoid Foreclosure

Options To Avoid Houston Texas Foreclosure

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.

Your Short Sale Questions Answered Here

Your Short Sale Questions Answered Here

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 […]

HAMP

HAFA Releases Another Update for 2011

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 […]

Short Sale Negotiation Fees - Is It Allowed?

Short Sale Negotiation Fees – Is It Allowed?

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: Fighting “Fraud” or “Crying Wolf”?

Freddie Mac: Fighting “Fraud” or “Crying Wolf”?

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.

Short Sales Negotiations - A legal Perspective of Compensation

Short Sales Negotiations – A legal Perspective of Compensation

Depending on the particular market, real estate agents advise the author that anywhere from 30-50% of the properties on the market (which includes properties which are not on the MLS) at any given time may be short sale properties. Accordingly, short sales “negotiations” – and how they are paid – have become a very hot topic involving hundreds of thousands of homeowners and real estate professionals a year.

Short Sale Flip, Flop or Hold - A Legal Perspective

Short Sale Flip, Flop or Hold – A Legal Perspective

This is one of three white papers written by my attorney, Ron Ballard regarding the legal issues, misunderstandings and misrepresentations surrounding short sales.  Its a little long, but worth the read.  Also read:  Short Sales Negotiations – A legal Perspective of Compensation . A copy of the DRE “Update” can be found and downloaded at http://www.trademarklossmitigation.com/Articles_and_White_Papers.html […]

Federal Officials: No Plans for Expanding Refinance Programs

Federal Officials: No Plans for Expanding Refinance Programs

Obama administration officials knocked down rumors on Thursday about any plan for new programs-dubbed an “August Surprise” -to streamline refinancing or cut mortgage balances for homeowners in a bid to stimulate the economy without asking Congress for money ahead of the midterm elections.

Government to Forgive Negative Real Estate Equity?

Government to Forgive Negative Real Estate Equity?

On August 17th President Obama may announced that Fannie Mae and Freddie Mac will FORGIVE negative equity…..

The Long and Short of Fannie and Freddie Short Sale Foreclosure Deadlines

The Long and Short of Fannie and Freddie Short Sale Foreclosure Deadlines

It’s not as easy as it used to be to request that the bank postpone a foreclosure sale on a property you are doing a short sale on. It seems that more lenders are standing firm on their foreclosure deadlines.

In the recent economic struggles that we’ve all faced, banks appear to be wizening up to the wily strategies we use to stall foreclosure dates. In response, those deadlines are no longer leaving us a lot of wiggle room.