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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 […]

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 […]

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 […]

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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 […]

National Mortgage Settlement

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 […]