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.
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.
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
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 [...]
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